CAN YOU PUT PAYDAY CASH LOANS INTO A BANKRUPTCY ALONG WITH OTHER DEPTS?

November 9, 2009 | By admin In advance payday loans |

Cash Advances…

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6 Comments so far

  1. Bobbie on November 9th, 2009

    Absolutely. When you file for bankruptcy, you have to list every debt you have.

  2. vegas_iw on November 10th, 2009

    yes. That is why they are so high with rates as lowlifes do all the time.

  3. FairyGir on November 10th, 2009

    I believe so, but the bigger question is the bankruptcy. Should you file bankruptcy, it will negatively affect your credit record for 7 YEARS. You won’t be able to buy a house, a car, obtain any type of credit for AT LEAST that long. I would suggest trying to work with your creditors to create a payment plan first, you would be surprised at how willing they are to work with you. As for payday loans, stay away from them!! I’ve been in that vicious cycle before, and they will sink you faster than you can say OH NO!! I would recommend taking a look at Dave Ramsey’s book and website. He is a financial advisor, and has great ideas for getting debt free and staying that way. You can even call his radio show and ask for advice. His website is: http://www.daveramsey.com His book helped us get out of debt and stay that way. Good luck!! ;)

  4. tpbthigb on November 10th, 2009

    Yes you can they are no different than any other creditor. Good Luck

  5. best heating contractor in Buffalo and Williamsville NY on November 10th, 2009

    I belive so…

  6. Nicholas M on November 10th, 2009

    yes, but it will depend on when that payday loan was obained. If it is anywhere within 3 months of filing BK the creditor can claim fraud against you (believing your intent was to take the money and then file). The Trustee of the court will generally side with the creditor on recent cash advances & recent purchases using credit.
    Talk to a lawyer, and shop around for one- fees vary wildly

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