Can Payday Cash Advance companies tell if you already have another loan out?

Question by toddg: Can Payday Cash Advance companies tell if you already have another loan out?
When I went to open an account at a Payday Cash Advance company, they checked on their computer and saw that I already had another loan out with another company. How did they do that? And can all Payday companies do this?

Best answer:

Answer by Mark
All debts are basically public knowledge, otherwise lenders would have no way to gauge what sort of risk you present them if they loan you money…

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