Though payday loans often helps create your credit history in a few circumstances (and incrementally at the best), they don’t have nearly because much effect as installment loans for bad credit. Plus, many lenders that are payday report on-time re re payments towards the credit reporting agencies anyhow.
Also about it: if you have to repay an entire loan in two weeks or less, you’re not going to have the same kind of payment history as you would get with an installment loan if they do, just think. Continue reading “Utilize Installment Loans to construct a much better credit score”