You May Have Negative Marks on Your Credit Depending on the specific payment agreement/creditor, late or missed payments can lead to negative marks on credit reports. ... However, creditors may use alternative credit reporting methods, so payment information may still be reported to third-party credit agencies.2021-02-09
Will a payday loan show up on my credit report?
Payday loans generally are not reported to the three major national credit reporting companies, so they are unlikely to impact your credit scores. ... Debts in collection could hurt your credit scores. Likewise, some payday lenders bring lawsuits to collect unpaid payday loans.2020-09-01
Can a payday loan mess up your credit?
Payday loans generally are not reported to the three major national credit reporting companies, so they are unlikely to impact your credit scores. ... Debts in collection could hurt your credit scores. Likewise, some payday lenders bring lawsuits to collect unpaid payday loans.2020-09-01