Therefore yes, regulations enables you to obtain a 2nd pay day loan in the event that you curently have one. But that will not suggest a loan provider will provide you with a second loan.
Before a loan provider provides you with financing, they are given by you authorization to accomplish a credit check into the mortgage application. Once they repeat this, the credit reporting agencies report exactly how many loans which you have actually. Keep in mind, the credit reporting agencies understand everything regarding the deal history.