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« I find myself in very bad debt I went to different payday loans thinking I could get other bills paid no luck?
If I let my payday loans go bad will they stop charging interest? »

  January 11th, 2009
Will filing bankrupcy elimate payday loans?
payday loans
Glossy asked:


I know it elimates most debt (besides student loans) and it stops garnishments. But does anyone know if it can stop payday loans? I got myself into a bit of a bind with those damned things.

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This entry was posted on Sunday, January 11th, 2009 at 10:08 pm and is filed under payday loan questions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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DISCUSSIONS
  • Jeff H Says:
    January 13th, 2009 at 9:12 am

    You would be far better off getting the dreaded second and third job - work on your days off, etc.

    Bankrupcy has costs too. Most likely more than working them off if you attack the problem agressively. Besides who wants to trash their credit for 10 years?
  • yourmtgbanker Says:
    January 14th, 2009 at 2:10 am

    Yes, it will eliminate your payday loans. You HAVE to list these debts in your bankruptcy petition to make sure they are included.

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