GreenTrustLoans is a lender-connection service that simplifies the process of securing a payday loan by connecting you with a lender from its network best suited to your needs. With an application that takes roughly five minutes to fill out, borrowers can receive a lightning-fast response and get their funds in as little as one business day.
GreenTrustLoans doesn’t have any reviews on the Better Business Bureau (BBB) or TrustPilot, and it isn’t accredited by the BBB. But remember, GreenTrustLoans is a loan connection service and doesn’t provide loans itself. Instead, it redirects you to a lender that fits with the amount you want to borrow and your financial situation. Be sure to check the online reviews of the lender you’re ultimately connected with before signing onto a particular loan.
Please borrow responsibly and only if you will be able to pay the money back. Before agreeing to a loan, please make sure you can make your loan payments in full and on time. We support the responsible use of loans and recognize that nobody knows your situation better than you.
Payday lenders generally do not send your information to the main credit reporting agencies — Equifax, Experian and TransUnion. However, they may send information on your loans and repayments to smaller credit reporting agencies that can be accessed by mainstream lenders when you are applying for credit.
The main danger to your credit scores is repayments. If you’re late on or miss repayments, your credit score could be negatively affected. Your lender may choose to take legal action to bring in unpaid loans or pass your loan on to a debt collection agency, which will affect your score.
In short: It probably won’t help your credit, but it could hurt.