Payday Loans And Bankruptcy

Once you fall behind on bills, it may seem like you have no reasonable options. It has become more and more common for people who have "maxed out" credit cards and accumulated other debts to take out payday loans — sometimes called payday advances. In most cases, doing this just makes a bad situation worse.

Payday Loans Have Major Pitfalls · Get The Legal Guidance You Need

Interest on payday loans is insanely high. Many payday lenders require postdated checks that they will cash if you do not pay on time, often creating overdrafts and even more bank-related fees. At Goering & Goering, LLC, we want you to know that:

  • If you are considering a payday loan, it is almost certainly time to speak with a bankruptcy lawyer about other options.
  • If you have already taken out one or more payday loans, it may be possible to get them discharged by filing Chapter 7 bankruptcy. If you don't qualify to file Chapter 7, we can help you evaluate whether reorganization of debts in Chapter 13 or some other option will work for you.

Our Experienced Debt Relief Lawyers Will Help You Consider Every Option

Some challenging issues may come up with payday loans. One is that the actual business locations of some unscrupulous lenders are difficult to pin down, making it more difficult to stop harassment and provide lawful notice of a bankruptcy filing. We have built an extensive list of those lenders.

We have helped many people in Ohio and Northern Kentucky overcome serious problems with payday loans, credit cards and medical bills and other types of debt. If you have any questions at all about payday loans and bankruptcy, our Cincinnati attorneys are here to help. We will provide a free consultation and straight answers. To schedule your meeting, call 513-621-0912 or contact us online now.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.