Will applying for a cash advance online affect my credit rating?

Everybody’s watching their credit rating these days. When it comes to buying or renting a home, purchasing a vehicle or any other sizable purchase, a person’s credit score is singularly important.

It’s true that a certain amount of pressure goes along with maintaining your credit score. Since your FICO score comes into play in so many different financial and professional transactions, it pays to maintain good credit. If the time comes and you need quick cash to help out in a financial snafu, you don’t want to have to worry about long-term effects to your credit score.

Short term, payday loan lenders may rely on a credit reporting agency, and are not limited to any of the three major rating agencies &mdash Equifax, Experian, or Transunion. Generally, the borrower doesn’t have to bear concern that their score may be affected by having the loan request determined by results from these agencies, however, such determination is solely in the discretion of the payday loan lender, which may result in the lender submitting, among other things, the borrower’s request for the loan, or the subsequent payments under the loan to any of these agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.

Most of our lenders do not do traditional credit checks, however, they may query various consumer databases, such as CL Verify, TeleTrack or DataX in order to verify your identity and review your past personal loan history.

If you are short on funds, simply click ‘Apply Now’ and you may qualify for a payday loan of anywhere from $100 to $1,000, depending upon your specific financial need. Payday-LoanShop.com appreciates your business and looks forward to serving you again in the future!