Pages Navigation Menu

Law

Need A Payday Loan? Avoid These 3 Things To Protect Yourself From Chapter 7 Bankruptcy Woes

Posted by on Jun 2, 2016 in Uncategorized | Comments Off on Need A Payday Loan? Avoid These 3 Things To Protect Yourself From Chapter 7 Bankruptcy Woes

Are you experiencing financial trouble and considering taking out a payday loan to get you through the tough times? If so, you’ve got to be very careful about where, how, and when you get that loan. While payday loans are considered unsecured debt and are dischargeable under chapter 7 bankruptcy, there are some situations in which this doesn’t hold true. Read on to learn 3 things you absolutely shouldn’t do, just in case you have to file for bankruptcy after taking out a payday loan. 1. Don’t Borrow Right Before You File If your financial situation is especially grim, don’t even think about taking out that payday loan. If you do take out a payday loan and are forced to file for bankruptcy in the near future, the bankruptcy court could view the loan as fraudulent activity. Since your...

Read More