COMPACOM TEAM

Compacom team is a group of experts always ready to answer any question our customers have. Each specialist is a real professional in his subject, experienced and helpful. We make sure you get instant sollutions and all the required information on the topic you are interested in.

Answers

Can a Payday Loan affect my credit score?

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COMPACOM TEAM2019-03-20Expert answer

Mostly lenders don't do a hard inquiry to any of the major credit bureaus. In this case taking out a Payday Loan doesn't affect your score. But make sure you pay it off on time. If you default the payment this information may be reported and besides your account may be sold to the third parties or some debt collectors. This information may damage your credit score. Read about the... Read more

Can I take a Payday Loan if it's not legal in my state?

Payday loans Legal Status State Regulations

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COMPACOM TEAM2019-03-19Expert answer

No, unfortunately, if Payday Loans are forbidden by law it means lenders can't operate legally in the state both online and in-store. Even out-of-state companies should obey these rules. But you need to decide whether you need a Payday Loan or just some quick emergency cash. If the latter is fine there are a lot of other options you can take advantage of: Installment Loans, Personal Loans,... Read more

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