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Just wanted to know if unlicensed lenders can report negatively on any of the major credit reporting agencies?
Just wanted to know if unlicensed lenders can report negatively on any of the major credit reporting agencies?
Unlicensed lenders can report negatively
Welcome to the forums!!!
Illegal lenders can’t report to the credit bureaus. If they do so, then it’s a wrong activity. In this case dispute it with the credit bureaus immediately.
Wrong again sally. Anyone CAN report if they pay the fee. However the majority of payday loan lenders do NOT report....other than Western Sky/Cash Call loans.