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Just how do pay day loans affect credit scores? Just how long do pay day loans stay in your credit history?

Just how do pay day loans affect credit scores? Just how long do pay day loans stay in your credit history?

Are pay day loans harmful to your credit history?

The effect of that loan on your own credit history might be negative or positive. Any style of borrowing needs control to settle based on the regards to the credit agreement. Any missed payments are recorded and donate to the last credit history – normally decreasing it.