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Payday Loans Credit Files

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UsetheFORCE
UsetheFORCE Posts: 688 Forumite
Part of the Furniture 500 Posts Combo Breaker
Does anyone know if ALL Payday loan lenders report to Credit Reference Agencies?

Are they actually required to do so by any form of rules etc?
I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.

Don't rely on anything I write as it may be wrong!!!

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  • michael1983l
    michael1983l Posts: 1,916 Forumite
    Does anyone know if ALL Payday loan lenders report to Credit Reference Agencies?

    Are they actually required to do so by any form of rules etc?


    They do not all reference credit reference agencies should you pay on time and in full. But if you run into troubles they ALL trash your credit file.
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