So do payday loans affect credit? For the most part, they don’t. Most payday loan providers will not perform credit checks before granting you a loan of this type and the loan itself does not show up on your credit history, unless you were chased by debt collectors after defaulting.
While it doesn’t show up on your credit record, it is possible for some lenders to access your payday loan information when considering you for future loans. Otherwise, the only other way this can impact your credit record is if you have not paid and the matter gets taken to court.