Category: Blog

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! Payday Loans Can’t Damage Your Credit Score Generally, most of the payday lenders like PaydayLoanTeller, do not report any information about these loans to major national credit reporting companies. Hence, payday loans will not hurt your credit score, unless it is repaid. But, if you have unpaid payday loans, then these do affect your credit rating. Because when you don’t pay off your payday loans then your lender might sell your debt to debt collections. And, these debt collectors can also report your… Read More

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! You will not go to jail if you do not pay When you take a payday loan; you agree with all the terms and conditions of the payday lender. And, if you do not repay it, then it is simply a breach of contract. You cannot be considered as a criminal and hence cannot be prosecuted or jailed. But for not paying back payday loans, you may face a civil suit followed by court’s summons. Therefore, you should always enter into negotiations with… Read More

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! Will Go To Jail If I Don’t Pay Off My Payday Loans? It has often been noticed that the borrowers are scared of the fact that if they can’t pay or don’t pay their payday loans; they will be jailed. But you can rest assured that even if you fail to make the payment, no payday lender can send you to jail. When payday loans go wrong, then your payday lenders can only sell your debts to collections. And the most, the collections… Read More

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! Payday Loans Don’t Directly Affect Your Credit Report Are you among the ones who keeps on worrying whether payday lending will show up on your credit report or not? Then the answer is – ‘kind of’! Yes, the payday loans don’t directly appear on your credit history, as there is a ‘soft’ credit check done on your credit score that doesn’t affect your credit score. But, the next time when you apply for the personal loan from the traditional lenders like banks; they… Read More

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! Defaulting on a payday loan? When you default on a payday loan you might be getting a thought on your mind, “can a payday loan lender garnish my wages?” So, let us make this point clear to you that a payday lender alone and all by themselves cannot perform wage garnishment. But the first step of the payday lender will definitely be to sue you for the amount you owe to them. And, only after a judgment passed by the court, a lender… Read More

Apply Online Because it takes JUST 3 MINUTES! Get Instantly Approved Because our approval process is QUICK! Get Funded in a Day Yes, you read that RIGHT! At times, it happens that you need to pay off your utility bills or need to pay for your car repairs or want money to buy your favorite pair of shoes, but you are left with almost no money available and can’t even borrow it from a traditional lender as you have a bad credit score. Then, the major question that comes to your mind while searching for a right loan about the payday lender is ‘Do they run your credit for a… Read More