In short: Yes, payday and short-term app loans can affect your CIBIL score, and over a year they usually pull it down rather than up. Loans from RBI-registered lenders are reported to credit bureaus, so every application, every new account and every late payment is recorded. Repaying one small loan on time will not hurt, … Continue reading 7 Ways Payday Loans Can Pull Your CIBIL Score Down Within a Year