Yes, if one does not go to the same Payday lender that one did not pay in the past. Payday lending is still a growing (and quite lucrative) business. Accordingly, the industry has not matured enough to drive competitors to share information as has been done by more traditional financial services organizations. Because there is no "payday lending credit bureau" and there is not enough incentive for major players to create one, one payday lender will not know if one did not pay another. Accordingly, one may get a loan from a competitor. |