The following are the 7 Reasons How Payday Loans Can Make Your CIBIL Score Low in an Year’s Time 1. High Interest Rates Payday loans typically have very high interest rates, which can make it difficult to pay them off in a timely manner. This can lead to late payments and missed payments, which can … Continue reading 7 Reasons How Payday Loans Can Make Your CIBIL Score Low in an Year’s Time in India