Friday, 24 June 2011

Is No Credit Assessment Payday Loans Better Than Bank Loans?

As you may know, almost any type of payday loan available today does not require any kind of credit report from the borrower. This is one aspect of no credit check payday loans that makes this short term loan very much favorable for people. Unlike applying for personal loans from banks, your credit history will in no way affect the status of your application for a payday loan. However, you should be aware that these lenders may look at your past payday loans, and if you have defaulted on one, your new application will definitely get affected.


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