Getting a short term, payday loan

Greg89

I need a bit of cash and I need a loan from those payday loan companies.
I looked at one website which I came across the option 'why do I need a loan for'
And it gave me options for 'special occasion', 'debt consolidation', 'one time purchase', 'purchases', 'holiday', 'bill payment'.
My credit score is getting better and I have been working for some time.
What option should I put in the 'why do I need the loan for'? If I click on the wrong one will the algorithm give me a negative response for the loan?

[Deleted User]

You choose the reason that you need the loan for.

Unfortunately, your pretend credit score isn't of any use when it comes to getting a loan. If lenders were actually giving you a good score, you wouldn't be looking at payday loans.

You'd be better off visiting the DFW boards and avoid high rate loans altogether.

Greg89

Thank you.
If I use a friends phone number, just for confirmation and code, can they do fraud? I do not think the text will give out my bank details.

macman

Taking a payday loan is a surefire way of making your credit history (not your credit score, which is a fictitious figure that lenders can't even see) look infinitely worse. Once one of these loans is on your file, mainstream lenders won't touch you with a bargepole.

Ebe_Scrooge

I have to agree with macman - a payday loan is going to leave a massive negative mark on your credit file.  Do you really need the money that badly?

Exodi

Greg89 with what you've said, it sounds you may be about to embark on a slippery slope...

Please get over to the Debt Free Wannabe forums first to speak about this before you start on this journey, too many people in trouble start where you are.

Greg89

Thanks for all the suggestions everyone.