 TITLE: What Is a Courtesy Loan? CONTENT: Should I Get a Courtesy Loan?\n-----------------------------\nBefore you even think about signing on the dotted line for a courtesy loan, be sure you understand how quickly you'll be expected to repay the loan and how much it'll ultimately cost to borrow the cash. Both payday loans and title loans generally charge much higher APRs than other borrowing methods, such as credit cards and personal loans.\nFurthermore, lenders that handle courtesy loans normally don't report your payments to the credit bureaus. This means a positive payment history won't boost your credit score. However, the lender may alert credit bureaus if you've fallen behind on loan payments. Delinquent courtesy loan payments can show up on your credit reports, which will likely bring down your credit scores. END