Can a payday loan actually help your credit score? It’s always widely reported on TV, magazines, and other places that the best way to build or repair credit is to take out a department store credit card, or even a small loan. Where do payday loans fall in with this?
(First, if you aren’t sure of how a payday loan works, check out our writeup to re-aquaint yourself. You may also be interested in our article discussing important facts about payday loans.)
Payday lenders almost never report a …
Read This Article → You can get Quick Payday Loans in a few different ways, including in person, over the phone, and online. The quickest payday loan you can get is definitely the kind you apply for online. The majority of payday loans do not require that you wait for more than a few hours at most to learn your approval status, but sometimes you can find out in five minutes or less if you have been approved for a loan online. There are a number of different online companies offering payday loans, but …
This time Chris in Dallas asks, “Can a payday loan be discharged in bankruptcy?”
Great question! Payday loans are an easy way for people with bad credit to get a loan. The borrower is able to write a personal check for the amount they wish to borrow plus the finance charge, and receive cash for that amount. Borrowers may sign over electronic access to their bank accounts to receive and repay payday loans. Lenders hold the borrower’s check until the next day when the loans and finance charges must be …
Read This Article →Reader Question: Patrick from Florida recently wrote us with a question, “Can I get a loan at 17? I need money for a car.”
Yes and no. You cannot get an individual loan at age 17. Minors (those under age 18) are not old enough to enter into a legally binding contract because they are not considered adults. Most minors do not have steady jobs because they are still in high school. They also don’t have credit. Lenders view this age group as “too young” and “unable to pay …
Read This Article →Your Opinion
Loading ...
About The Editor
Maria Schubert is the editor of Instant-Loans.org. Originally from San Diego, Maria graduated from USC with a Bachelor's in Accounting, Certificate in Banking, and Certificate in Entreprenurship. Before joining our website, Maria spent time as a lender at a prominent Florida bank.In addition to working with our staff and contributing to Instant-Loans.org, Maria enjoys golfing, asian cuisine, thrifty shopping, the beach, and a great novel.