Payday loans are more for people who don’t have great credit. If you have a great credit score, then a personal loan may be the better option as opposed to a payday loan.
Moneycomms product scrutineer Andrew Haggar likes the idea people can get their credit score, which is something all lenders should consider doing.
New leadership is looking to take that rule apart before it goes into full effect. Now that the Democrats have control over the House of Representatives, they have the opportunity to keep this from happening.