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I have seen people with zero credit use payday loan to build credit. Literally just borrow $1000, pay it back before the terms, but this is the exception not the rule.

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You can get a 500 dollar credit card on 0 credit though and build credit that way.

Youre still paying the fee to take out the payday loan.

Its insane.

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Paying your credit card off on time has very little impact on your credit score compared to a loan.

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Goyim do you legit just try to argue with everything, even to the point where youre claiming taking out payday loans for your credit is in any way defensible?

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Payday loans almost certainly do not report to credit agencies, so no, im not saying that. I'm saying getting a loan and paying it off will do more for your credit than getting a prepaid credit card that you pay off on time.

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Pretty sure they do report, and taking out a payday loan is r-slurred full stop.

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I never said anything about payday loans, r-slur.

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BIPOC the entire context of this was me responding to someone talking about payday loans.

How drunk are you?

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How many Benadryl did you eat you today?

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I agree, it's insanely stupid, but I've seen it done. The bank gave me one when I was 18 with a 250 limit. Now the points pay for my Christmas gifts.

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