Whether you need it for a loan application or just for personal tracking, you can access your credit score online for free. Aside from the big three credit bureaus, there are plenty of sites that can provide you with free credit score.
A good credit score is essential if you are planning to one day buy a house or a car. Financial institutions consider a person’s credit score when deciding to grant a loan or a lease. It is also important for those who are planning to start their own small businesses.
This is where a free credit score would come in handy. But which site do you trust? Below is a review of some of the most popular free credit score sites and how they work.
Payday Consumer Notice:
The APR of a payday loan varies in each state and depends on the lender, the advance amount, fees and terms of the transaction. The APR in our network of lenders can range from 265.36% to more than 700% on 14 day terms.
Implications of non-payment
Implications of non-payment vary from lender to lender and by state regulations. If you are unable to repay your loan you may have one or all of the consequences listed below depending upon the terms of your lender. Fees may include but are not limited to: insufficient fund fees, administrative fees, late fees, non-payment fees, court costs and legal fees.
Collection Practices, Credit Score Impact
Payday Loans are due and payable in full in one payment at the end of the loan term, unless the Lender offers renewals or other repayment options. Make sure to review the terms and conditions of your lender if you fail to pay on time.
- Late payments of loans may result in additional fees or collection activities, or both. Each Lender has their own terms and conditions, please review their policies for further information.
- Non-payment of credit could result in collection activities and your account could be turned over to a collection agency. Each Lender has their own terms and conditions, please review their policies for further information.
- Failure to pay your loan on time could result in your lender reporting the delinquency to a credit reporting agency. This could result in the lowering of your credit score which could make borrowing more expensive in the future.
Renewal policies vary not only by lender but also by state regulations. Every Lender has their own renewal policy, which may differ from Lender to Lender. Renewal fees vary by lender. Please review your state regulations and you lender's renewal policy, terms and conditions.