I don’t care for payday loans usually, but I completely understand why a person or family may need one in the time of an emergency.

If you are looking into a small emergency loan, I would only recommend Online Cash 911.

Here is a direct link: Up To $1500 With No Credit Check

This company is very secure with your personal information and is great if you have bad credit, because they don’t require a credit check.  In today’s economy, it’s completely understandable, if a person or family is living paycheck to paycheck and emergency funds are needed.

Now, didn’t mean to sidetrack there, but the purpose of this post is to let you know that payday loans can be reported to the major credit bureaus and show up on your credit report.  Most likely, if you pay it off before the loan is due, it will never show up on your credit report.  In a case where you cannot pay off the entire balance of the loan, then payment history will report to the major credit bureau’s.

If you are looking to use the payment history of your payday loan to help increase your credit scores, this will help.  Although, it is best to use a regular credit card, because even the worst credit cards charge less interest than the payday loans.

I specialize in bad credit mortgage loans and I do all I can to talk about how less than perfect credit can still get you a mortgage loan approval.

Government programs are in full force nowadays and they do not have a minimum credit score to qualify.

I encourage you to leave a comment with your feedback or questions.