29
Sep
While applying for payday loans, which is considered to be an alternative source of loan other than bank, your credit report is not that important. Also, the loan amount is usually within $1,000 and hence your current income source is the parameter based on which you are given loan rather than your credit score. There are few lenders however may prefer to check your credit score too. Credit score is the rating that is given by FICO and which is usually between 300 to 850. If your score happens to be below 620, then you are designated with poor credit…