The Effects of a Payday Loan
April 26, 2009 5:40 am BusinessA “Payday Loan No Credit Check” is as the name says without a credit check. Normally lenders will check the credit worthiness of the borrower from the three credit rating agencies, Equifax, Experian and Trans Union.
Since payday loans offer short term financial assistance many lenders do not check the credit score before giving the money. Payday lenders charge a higher interest than other loans. The debt is cleared when the next payday arrives. Those with a bad credit score can also get the benefit of short term emergency finance because of the availability of these no credit check loans.
