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Wrong!

September 30, 2008 | alternatives, industry, media coverage | Comments (2)

From a local story in Nevada: 

For instance, if you use payday loan companies, they can automatically lower your credit rating. It’s important to know that once something is on your credit report, it becomes part of your credit history.

Customers use payday loans, in part, because they don’t affect your credit rating.  

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Comments»

1. dt - September 30, 2008

WHY DOESNT SOMEBODY DEMAND A RETRACTION?IF THIS INDUSTRY DOESNT MAKE MEDIA ACCOUNTABLE FOR MISINFORMATION THEN ITS DOOMED.IM FIGHTING TO KEEP MY CREDIT OPTIONS…LIES OR MISINFORMATION BY THE MEDIA NEEDS TO BE DEALT WITH….PEACE LOVE DT

2. Tommy Silva - September 30, 2008

Ah, write whatever the hell you want to. The media believes the public is so stupid that they’ll believe anything they write.

Don’t be surprised when next week you read, “Danger: Driving by a payday lender lowers your credit score.”