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It means that one-hour payday loan direct lenders do not get hard credit checks from the big 3credit bureaus. In turn, this means your credit or FICO® scores are not affected. It also means your direct lender does not report back to the credit bureaus when you pay your loan. ...
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The article reports that the British Office of Fair Trading has warned payday lenders over possible misuse of direct debit facilities. It notes that trading firm Safeloans Ltd. under the name Paydayok received three requirements from OFT. It adds that the regulator has ordered the company to ...