Why Would Accessing Credit From Payday Lenders Have A Negative Impact On Your Credit Score?

Updated: 11th June, 2022
Ashley Astors
Verified Collections Expert

Visiting a payday lender ended in a score drop? Learn why (and how to fix it).

Call (833) 958-1271 ➔
Speak with a live credit specialist to see if we can help improve your score

Accessing credit from a payday lender can have a negative impact on your credit score. If you're late on your payment even a day, they have the right to sell your debt to a collector. The collector will report the debt, hurting your score (unless removed).

Supercharge Your Future & Credit Score, Today!

Reclaim your financial freedom and speak with a live credit specialist for your free consultation, right now (we're here 24/7)

Call (833) 958-1271