How does a payday loan affect your credit?

Answer Payday loans are much easier to get with the advent of online loan services. Although the ability to get cash on short notice may entice you, consider how it might potentially affect your credit.Id... Read More »

Top Q&A For: How does a payday loan affect your credit

How Does Cosigning on a Loan Affect Your Credit?

People with poor credit or no credit often require a cosigner to gain approval for a loan. Credit bureaus and lenders view cosigners as joint account owners. When someone cosigns for a loan, the cr... Read More »

Does co-signing on a loan affect my credit score?

Yes, cosigning a loan bears you all the responsibilities of the originator of the loan, according to Experian. If there are missed payments on the loan, then both account holders will receive a neg... Read More »

Does Applying for a Credit Card Affect Your Credit Score?

Credit cards are a fact of life, and for some a way of life. Many factors determine whether they're an asset or a liability. Your credit score determines what you will pay for more credit, future c... Read More »

Does checking your credit affect your credit score?

Credit scores are checked by various people including insurance companies, prospective employers, creditors and credit card companies. Individuals may also check their credit scores. According to P... Read More »