Do payday loans affect your credit score?

A payday loan doesn’t automatically affect your score. Like with any other credit type however, what will affect your score is how you handle the debt. If you manage it well, this could have a positive impact on your credit report and score, but if you manage it poorly, this could have a bad impact. So what would you need to do to create an affect either way? 

For a positive effect on your credit score:

For a negative effect on your credit score:

So a payday loan, as with any other credit has potential to offer a positive or negative affect on your credit score, but not as a result of just opening the credit line. The outcome depends on your actions in how you manage your debt.

Searching for a reliable, fast & easy payday loan?

Save My Bacon provide fast and reliable payday loan service with no faxing required. Just quick and easy money in your account. You can apply for our loans on the calculator below. Why not see what we do and review the following links if you would like to find out more about us and how our service works.

Other related quides:
How to handle payday loan debt

How to pay off payday loans faster

How to settle a payday loan

How to clear my payday loan

* Subject to Save My Bacon Ltd's right to request required information via fax, scanner or other paper means.

The type of credit is not intended to meet your long-term financial needs or to be used for dealing with existing ongoing financial problems.
This loan should only be used to meet short-term cash needs and not be used as a continual source of credit.
If you are concerned that you are falling into a bad debt situation, then please do not apply for a Save My Bacon loan as our loan will only worsen your situation.