Do our best payday loans for bad credit influence your credit score?

Before taking payday loans online, it is recommended to find out everything about this kind of quick source of cash. HartLoan has prepared all necessary information which may influence your decision.

Do you have bad credit and are afraid of worsening the situation with the best payday loans online?

You will be happy to discover that the payday loans online are not going to spoil your credit score if you pay the borrowed amount of money due to the date which has been agreed while signing the contract. In case you have the bad credit history and repay our best payday loan on time, you may get good mark on your credit score as your debt will seem to be lower in any case. If you fail to make the repayment within 2 weeks or one month, your debt may be passed to the collectors who use all possible methods for getting money back, including using the services of the credit bureau which remark will definitely make your credit score worse. That’s why in order to prevent such unpleasant situation, it is necessary to borrow the sum of money you will be able to pay back using your next salary.

What to do if you can’t repay the loan due to some emergency situation?

It is well-known that unfortunately human being can’t predict future and sometimes when you plan something and feel secure, everything changes suddenly and you face some unexpected problem which requires immediate solution and extra money which were intended for the repayment, for example, covering medical bills or some urgent repair. In this case you should inform your payday loans lender and explain why you are not going to make the repayment on time. Sure, that your explanation is not able to be accepted instead of the necessary payment but in any case it is necessary to do as if the client just disappears without paying back a lot of questions will arise and the case may be passed to some legal body to solve the problem. In order to prevent such radical measures, contact the representative of our company and we will be glad to look for the best possible way out from this situation.

What is the best solution in case you fail to pay the borrowed money back?

In case you know for sure that it will be difficult for you to make the repayment of the borrowed payday loan, don’t waste time and follow these steps:

1. Contact your direct payday loans lender.
2. Describe your financial situation.
3. Ask our representative for advice.
4. Consider the variant of the delaying your payday loans repayment using the renewing or rolling your payday loan over

What does it mean to renew or roll over your payday advance?

If you can’t repay the loan, you may be offered:

• Renewal.
• Refinancing.
• Rollover.

If you agree to use of the mentioned practices, you should understand that it doesn’t reduce the amount of money you are required to pay back. In fact, this will help you to have more time to make the repayment but in case of repeating this procedure several times, you risk to repay much more than it was intended first.