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Sep 28, 2017 - 34 minute read

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Nowadays there is also installment loans, paid back in installments over time. These loans start at 1,000, normally paid back over 90 days to 1 year. What are the minimum requirements for one to qualify for a payday loan. If youre seeking for a payday loan, you must: Be over 18 years of age Be employed Personal loans anderson in a valid and active bank account Have a monthly income of over 1,000. Credit score, does payday loan affect my fico score. Generally, payday loan history is not captured in credit reports.

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Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score.

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