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09-04-2007, 02:15 PM
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 Do Payday Loans fixing credit?
I am trying to rebuild my credit and I was wondering if Payday loans rebuild credit score. I found these guys (nationalpayday.com) that offer a free loan the first time you use them, It could help my credit score to just get the money and then give it back to them in a week. No charges, increase in score. Win win?
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09-04-2007, 02:52 PM
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No, payday loans don't report positive information to the credit bureaus. They only report an account to the credit bureaus if it's become delinquent.
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