Do payday loans affect your credit score

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Do payday loans affect your credit score

Personal Loans charges and payments. Several banks and financial institutions offer flexible payment terms, giving borrowers the freedom to pick what agreement works best for them. Payment terms may vary from 3 months, 6 months, 18 months, 24 months, even up to 60 months. Note that the longer the loan tenure, the higher the interest rate. However, some banks offer a fixed interest rate. In the event the borrower fails to settle the monthly repayment on the given due date, they will be charged a late payment fee.

Do payday loans affect your credit score

I paid it back. The came into my driveway and took my car away even though it was paid in full. They called me from their cell phone and said, "Guess what we have your car". I was floored. That was my only car. So I called Enterprise, they came and got me so I could get a rental and then I went straight to my attorney's office. He made a phone call to City Loan and guess what. They had to bring me my car back. They never did give me back my key.

Do payday loans affect your credit score