<prompt> Human: I work at a large retail bank, had a customer with this question, and I honestly couldnt get an answer for them:If someone is using a payday loan, and paying it off as obligated, how would this affect ones credit? Does it affect it at all?  <response>: Generally payday loans are not reported on a persons CRAs. They are short term loans that are designed to last 2-4 weeks. If a person defaults on the loan then the collection agency will report the delinquency after 6 months. 