Why payday loans are often used as a source of credit

Payday loans are often used as a source of credit because they have minimal credit requirements. www.forbes.com www.thebalancemoney.com

Payday lenders typically don’t conduct rigorous credit checks. www.forbes.com Instead, they focus on the borrower’s income and ability to repay, making these loans accessible to those with poor or limited credit histories. www.forbes.com