Credit Card Companies Threaten While a Payday Lender Works With You

Credit card companies are pouring out lawsuits to try and collect on unpaid debt. A payday loan lender won’t work in this way. A payday lender will try and work with you to get payment back. They will send your account to an outside collection agency if you are not paying back. This is when it will have a negative effect on your credit score.

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