Sunday, October 02, 2005

Can I get a no credit payday loan?

Did you know that you can get a payday loan even if you have a bad credit score, or for that matter, even if you do not have a credit score? It is this fact that makes payday loans so attractive to thousands of people. The banks discriminate against people with low credit scores, even if they have high-paying jobs. But payday loan lenders willingly lend to people with bad or no credit scores. It offers two advantages to the borrowers: they can get fash cash when they need it, and they can improve their credit score by repaying the payday loan. For the lenders, it offers the opportunity for charging a higher service fee. It's a win-win situation. Or is it so? Depends on how you view it. But blame it on the banks!

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