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What are payday loans listed as on Credit File.

RustieDog
RustieDog Posts: 3 Newbie
First Post

Hi, there I made a stupid decision and got out a payday loan without realising the repercussions of it effecting my mortgage applications in the future. However when I looked at my credit file, accessed by Experian, it is classed as a loan. I was just wondering if payday loans are supposed to be classed differently. Thank you.

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