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Why Payday Lenders Ask for Your Social Security Number

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Robin Williams
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Why Payday Lenders Ask for Your Social Security Number

"When you submit an online payday loan application, your information goes through a verification process. In almost all cases, your credit is not checked; that is, there is no ‘hard’ credit check that would affect your personal credit report. But the lenders need to confirm that you have a steady income or if you are living on the benefits from the Social Security program. In both cases, you will be required to provide your Social Security number."

Read our full blog post here: Why Do Payday Lenders Ask for Your Social Security Number?

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Robin Williams