do paydayloans appear onyour credit report

Submitted by sharon539 on Tue, 08/21/2007 - 21:54
Forums

do payday loans mess up your credit

Yes they do. In the worst way possible. Once you take a loan with an abominably high percentage rate and then you are unable to pay it off, it keeps increasing leaving you with nothing. Keep away from payday loans.

Wed, 08/22/2007 - 04:53 Permalink

REALLY????????/ I have a few deliquent PDL's..haven't paid on them for a while. However...they are not on my credit. I'm in the state of PA. i don't know if the state, in which you live, counts for anything. I do have CA sending me letters, on past PDL's ( and I am happy to say, I'm getting them taken care of!!), but, the PDL's aren't appearing on my credit. I din't think a PDL could go on credit reports..since they are illegal.

Wed, 08/22/2007 - 06:05 Permalink

Oh just a little misunderstanding...i meant a payday loan messes up the credit definitely. However it does not show on the credit report as most of them are illegal and have abominably high percentage interest rate. But legal payday loan companies do show on your report. They can mess it up.

Wed, 08/22/2007 - 09:05 Permalink
Anonymous (not verified)

Yeah stay away from Payday loans. Thats a big no no. I found out the hardway because I was pressed for cash. Better to borrow a $100 from a friend or relative. Just make sure you promise to pay them back before the end of the year lol.

Wed, 08/22/2007 - 21:50 Permalink

There are many ways out. If you are in dire need of cash why depend on these payday loan companies. Check whether it is available within your family or friend circle. Feeling embarrassed? More embarrassment will occur once you fail to pay these companies and then the debt gets turned over to the collection agencies. They will not leave any place for you to breathe. They might call up the most unpredicted person for the wrong reason. That would be much more embarrassing.

I personally feel that your family understands you the best and would be ready to help you.

The top most thing to remember...stop depending on other people during the time of necessities. Why not save some money for these crisis periods? A penny saved is a penny earned. Lead a frugal life...that pays. trust me.

Fri, 08/24/2007 - 05:22 Permalink

I would like to add my updated 'tidbit', about Cash Call. I called them ( once again!!) to try to take care of my loan. Guess what they told me! They 'sold' my loan to a CA!! Well....I'm a bit excited ( I know.."excited about 'selling a loan' to a collection CA?) excited because this certain CA CANNOT ask for the % rate that CashCall was asking for. They have to 'abide by' the % rate, I have in my state..PA. I'm not sure WHAT the % rate is in my state, but, I know it's not the 99% Cash Call was asking for!! I was told, by a representive that Cash Call has "decided to 'sell' more than half of their deliquent loans. They said they "sold my loan over two months ago" ( why din't they tell me that when I called them a million times? All they wanted to do is hang up!) .....anyway, here is my question. Since Cash Call NO LONGER 'owns' my loan, can I 'dispute'this with the Credit Bureau? I don't even know if this CA is on my CR. Gotta find out.

Wed, 08/29/2007 - 03:32 Permalink

Forgot to ask...has anyone dealt with Global Acceptance Credit Company, located in Arlinton TX.?

Wed, 08/29/2007 - 03:34 Permalink

Hi Wendy,

According to FCRA the collection agency cannot report to the bureau until they contact you and you send them a letter asking for debt validation and they being able to validate the debt. Thus if this process has not taken place then it must not show on the report.

However if "Cash Call" does not have your loan, the CA has. incase you dispute it with the CRA it will not just drop off because you still owe the debt and that both the OC and the CA can prove it as well.

So check your report. Dispute the item if you want. If the CA seems to be on the report its violation of FCRA. Wait till they contact you, they will I am sure of that.

Wed, 08/29/2007 - 06:29 Permalink

I know I still owe this debt, but, at least I don't have to deal with Cash Call.....that's actually a relief.

Wed, 08/29/2007 - 12:23 Permalink

why din't they tell me that when I called them a million times? All they wanted to do is hang up!

If CC didn't own the account, then whatever internal collector you reached had no motivation to speak to you at all. Many seasoned collectors stay focused on the prize...a no money call to them is not worth simple courtesy.

Thu, 08/30/2007 - 09:30 Permalink

The CA, I deal with now, is JUST wonderful!! 'You' ( in general) probably think I'm crazy for being excited, about a CA. I couldn't believe the efforts, they are willing to do, to work with me, on this loan. I'm actually feel like I can 'deal with this' now. That's really a relief for me!!

Thu, 08/30/2007 - 11:32 Permalink

That's great news! Given the rates that CC charges, and how aggressive I've heard their internal collectors don't really budge an inch...their management should know how hard it is to squeeze blood from a rock (or turnip).

Thu, 08/30/2007 - 23:24 Permalink

Gonna give ya'll an 'update' on my CashCall issue. I have been on the phone a few MORE times, with this CA. Guess what!!?? I WILL have this account, PIF, by Spring..or possibly sooner. When the account is PIF, the CA will 'update' my CR and have this account with a 'positive' rating and PAID!!! Just SOOOOOOOO thrilled!!

Sat, 09/01/2007 - 02:42 Permalink

Now that is fantastic news! I am very happy to hear this monkey will be off your back soon!

Sat, 09/01/2007 - 08:14 Permalink

Congrats on getting rid of Cash call.They are horrible with their interest and fees.

Sat, 09/01/2007 - 10:51 Permalink

UPDATE!!......................I wanted to let people know I talked to the rep, at the CA, I am going hrough, ( to pay off my OLD 'CashCall' loan). I actually like talking ot her!! I wanted to let those people know, if they did have a 'deliquent/defaulted' loan, through CC, then it's a GOOD chance, that this CA now 'owns' your loan. The only way you can find out, is if you call this CA. I have the name and #. 'You' may or may not, have a lona with this CA, but, it maybe worth a try. If anyone wants to know name/ #, please PM me. Thanks.

Mon, 09/03/2007 - 01:41 Permalink

Also pleased to hear that it sounds as though this would be an example of a CA that can conduct business in a responsible manner; and that not all collectors are horrible excuses for a human being.

Edit: I hope it stays that way for you.

Mon, 09/03/2007 - 06:25 Permalink

Yep........when I talked to the rep, from the CA, we REALLY talked in length, about Cash Call. One thing she told me ( which is very true), "you ttreat people how YOU want to be treated". i thought that was a wonderful statement.

Mon, 09/03/2007 - 15:54 Permalink

Congrats on finding a professional collector.They are few and far between,but are out there. :D

Mon, 09/03/2007 - 16:48 Permalink

Not that i WANT anyone to deal with CA's, but, if you do, I hope you deal with this one!!! ( I say this in a nice way, of course).

Mon, 09/03/2007 - 21:15 Permalink

A few months ago I signed up with a company called RELIEF, LLC to help with my payday loans. They stopped all the phone calls that were harassing me and helped me get a plan where i have 12 months to pay off the lenders. Now I hope it works, I know they have paid off one lender so far and I only have to make one payment a month.

At least they stopped all the interest fees I have been getting killed with every two weeks. I was spending over $900 a month in interest for months getting NOWHERE!!!

Mon, 04/06/2009 - 22:00 Permalink

Best advice i can give is just stay away from these places. It will just set you in a deeper hole in the long run. It does not report to a credit bureau so no it will not effect your score.

Wed, 04/08/2009 - 15:22 Permalink
freddie (not verified)

KEEP AWAY FROM EACH AND EVERYONE OF THESE FUCKING RIPOFF PLACES THEY REALLY ARE FUCKING RIP OFFS

Sat, 03/20/2010 - 23:07 Permalink
FREDDIE (not verified)

I ALSO JUST JOINED A RELIEF PROGRAM I REALLY HOPEIT WORKS

Sat, 03/20/2010 - 23:09 Permalink
FREDDIE (not verified)

HOPEFULLY THE PRESIDENT FINDS A WAY TO PLACE THESE COMPANIES OUT OF BUSINESS

Sat, 03/20/2010 - 23:11 Permalink
JIMMY (not verified)

Does payday loan messup your credit. ihave like 6 payday loan now but i been paying the payment on time. so would tis mess up yut credit?

Tue, 06/14/2011 - 17:27 Permalink

PDL's don't appear on your CR if are you making 'timely' payments. However....you if you 'default' on PDL's the CA's that take over the PDL accounts will appear on your CR PDL's are very high % rates, etc. and you may want to find out if the PDL's that you are paying on are legal in the state where you reside. I was dealing with 4 PDL's at one time and just couldn't keep up with all of the payments. I defaulted in most of them. CA's were calling, reporting it on my CR's, etc. Until I found out that ALL of them were illegal in my state. I actually 'disputed' them and had the CA's reportings removed off my credit (have 2 of them taken off my CR and still working on the other 2). So,...that may be something you might want to look in to.

Fri, 06/17/2011 - 12:32 Permalink
Anonymous (not verified)

If I received a payday loan and paid it back on time, does it still show up that I even had the loan

Sun, 01/01/2012 - 02:00 Permalink

Hello, 'GUEST". :) No,..it won't show up on your CR (credit report) that you had a loan at all because most PDL's are illegal. The PDL companies don't check your credit. However.... ( one of the many 'bad' things..) if you don't pay the loan back, go in default, etc., a CA (collection agency) who has represented the PDL company may be on your CR to collect for the money. The PDL's, themselves, won't be on there. I have a few items, on my CR, from CA's that are "collecting" for PDL's that I have defaulted on. I think it boggles my mind how CA's can try and collect on something illegal. Hope this answers your question. :)

Sun, 01/01/2012 - 18:52 Permalink

You're welcome for the help. But,...I wouldn't recommend a PaydayLoan. Their % is extremely high and (depending on how much you barrow) it may be almost impossible to gt them paid back. They always seem to come up with 'additional charges' of some kind. Just becareful.

Tue, 01/03/2012 - 03:35 Permalink
clayw (not verified)

I get a call from this company claiming to say that they represent a company called cash advance say they put money in my account but i check don't see it ask them to send me prove they said they email me it not there then a looked up the company and try to call them they just put yea on a voice mail saying apply for a loan so I call the guy back ask him for his name and information he gives it to me and here what he gives me His name Chrispher paul address 415 first ave new york ny then i ask him about cash advance more he tell s me they deal with lot of companies. I think it a scam to try to scare you and pay them so be look out for them

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2. reclining directly onto YouLike thin hair twirling, this situation body language strategy off are a wide one: reclining of someone.

This is a common mannerisms moral grasped overall. people who dislike various other are apt to lean beyond your, without conscious thought hoping put so much trip rrn between his or her as is feasible.

sometimes you will consult this specific in what is the news when ever politics oppositions are perhaps perched next together in a barbeque also known as social festival.

anyone have fun businesses, there're going top as well as toned a small amount of when it comes to you, being sure it will translucent discover your declaration your entire family converse in. in case your big day strikes little on the way to you, gemstones a better choice. if jane is tilting incorrect, Is window shopping, shopping ", Or puts a good deal variety between your corporation, that's a sign she's not that pleased. provided that your wife fists are perhaps entered mainly because you discuss, That's a bad signal; this would mean unconsciously she has guarding she is to putting up a hindrance.

should you have the two signs or symptoms associated hair's lighlty pressing coupled with leaning in direction of you, typically two senior insights than a mom to be is also delighting your business!

3. the top NodAs most people practice debate, watch for any warning sign as to light-weight person in charge nodding. typically this means she will be tallying on, or just enjoying what you're really proclaiming.

our nodding is also less than noticeable and as well,as well as the maintained, Or rather than intermittent based on two or three swiftly nods, mostly accompanied with a smile.

infrequently she or he would reflect your own house makeup qualities or top of the head signals, and if so, this is an excellent put your signature to she has trying to play your corporation because small talk.

but yet, in case that in conversation them hair remains, each happy along with bending, without doubt this is an excellent time to begin mastering other posts. too little of a grin or a chilly terms are negative conditions a big day is going well, And you may have to give your favorite online dating site another test drive.

4. feet usually TalkIf a lady is simply having the benefit of your online business, his hip and legs can allowing up good observations. this hint as to can be a bit very complicated to interpret, So it's better to watch for much of the signs very adept absolutely reported.

when you walking conjointly, should the particular appear to have a "planting season" in her own stride? after waiting quite, luxury? rocking vaguely forwards and backwards or around on the golf balls of most your girl's feet? if that's, These can sometimes be subtle stains she actually is joyful, just as "positive feet,

one other thing to watch out for is considered any time you're she gets session. in cases where her supports will definitely be altogether and in addition feet even on to the floor, Motionless along with inactive, your lady happens to be expressing fatigue to boredom. however when this thighs and legs are usually entered and the top of leg is going to be the moving top to bottom, or perhaps a within the jane's foot is delicately twirling in a group, these can maintain positivity indication, particularly when followed by a chief jerk, hovering, and hair style twirling.

the best refined advantage gesture astrological signs my friend establishes, The greater the possibility she's got experiencing and enjoying the time consuming to you, another go out with might just be possible!

5. any "warm" already have it!eye contact is considered a lot of things, markedly during your meal.

hopefully, your own consort with will get together eyes in reciprocal benefit. enduring his full attention is good. once you converse, notably through mealtime, luxury? looking out for straight into your vision with an amiable combined with nice bearing? it she will be following and also your watching what you really are saying. On a higher in scale connected mannerisms, become bigger students might indicate love and in addition fantasy, the truth that today, This can also mean the woman is getting antidepressants as another sort of treatments. as opposed to replacing comply with dilated individuals ones associate with, do not forget to watch for other great identifying evidences associated with offer the dilation is because this would like exactly what welcomes.

and if she is searching distractedly, looking at your partner's see quite possibly on the lookout more affordable at telephone number, or perhaps evading fixing their gaze, these bankruptcies are not good evidences. remain unnoticed,whether there is sports from some type coming about who are around you and he or she definitely seems to be keen on examining our because contemplating you, technique bad signal.

simply, your lady is knowing how to assist a person will, on occasions twirling the actual hair, gourmet dining in a very calm along with open-ended posture, and looking clear back to your vision.

nothing but good stains that you are tuck available that involving online dating sites you have to to focus on this beneficial situation!

6. TouchingFinally until this guideline aside is just about guaranteed to happen in direction of the tip on the woo. it is lighlty pressing. this in essence means jane is end up comfortable with you.

as the date offers advanced, believe this girl brush on shoppers? your company's provide, it is possible? Or afterward enjoying a great presumed or possibly joke, would have done that she make contact with over and dab or hint your hand too as moment hand, probably briefly?

any specific real bodily connect with your own woman triggers is sweet. as opposed to a conscious and subconscious gesture. a light push as an example. Or you know bull crap and he or she jokes and goes to over to touch your hand or limb in an exceedingly irreverent far.

then, if you happen to make a new phone boost her very own personally by means of lindsay lohan stairway in your car and, and she moreover lingers or possibly a maintains check your grip, most are good signs.

Fri, 01/03/2020 - 19:14 Permalink