Payday Loans: How They Work, What They Cost, and What to Know First

Payday lenders don't conduct traditional credit checks, but are going to verify your ability to repay the loan. See how payday loans check eligibility.

Do payday loans show on your credit report? Usually no — most lenders don't report to the bureaus. But an unpaid loan in collections can hurt your score.

What happens if you don't pay back a payday loan? Expect late fees, repeated withdrawals, collections and a credit hit — and possibly a lawsuit or garnishment.

Discover the best payday loan alternatives, including credit union Payday Alternative Loans, which allow you to borrow $200-$2,000 with an APR cap of 28%.

Wondering how to find out if you have outstanding payday loans. Check out this guide and learn whether you're on top of all your loans.

Payday loans offer fast cash but average APRs near 391% and can trap you in a debt cycle. See the real pros, cons and cheaper alternatives to try first.

Online payday loans with same-day deposit fund fast but can hit nearly 400% APR. See how they work, what they cost and safer ways to get cash. Read on.