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Are the major credit bureau’s used during the application process?

April 26, 2017application credit process Used

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Are the major credit bureau’s used during the application process?

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A. Payday lenders do not perform a credit check in the evaluation process. However, an online lender may check an applicant through “Teletrack.” Teletrack is an online data base that tracks loans an applicant already has in their name. It will show the duration of the loan and the amount owed on the loan.