They start you out small and the more you use them, they more you are qualified to borrow. I have done the payday loans and now I am doing the large installment loans. Interest is good on installment loan.
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LendUp will drop your credit score when you take out a Prime loan, not the PayDay Loan. After you pay the prime loan off, they close the account and report it Closed to credit bureaus. Closed accounts drop your score. You will take a big hit on this loan even though they say it will help you improve your credit by reporting the success of paying off a loan through them.
Don't use them if you want good credit, mine just got worse...
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