Payday Loans Lender
Payday Loans Lender
The lender wants bank statements: Are we screwed if we have payday loans on our bank statements?
We bring in 85K a year, been on the job for 5 years and up, stable empoyment, 401Ks, IRAs....but we were pretty stupid with spending the last few months, although all bills were paid (rent, car note, insurance) we used payday loans to cover entertainment expenses like a couple idiots.
So, will the lender say screw off when they see those on our statements?
Based on our credit and income, they already said they can approve us, but they require these statements and i'm scared.
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Well it all depends on how much these loans are and if you are paying them off or have good history on paying them. You can always check your credit yourself and see how it looks. My husband and I did that before being pre- approved for a loan. It is important to know your credit score.
