Any ideas on how to get out of payday advance places?
I have to say I am curious about this as well. I only know very little about payday loans. But speaking of this...I saw a commericial just today about how one place will just swipe your debit card and you don't have to write the checks. (because I'm pretty sure most places make you write a check to them first and you pay them back in cash only) I was thinking OMG....!How can bankruptcy not stop a payday loan?
Whatever you do ...do not blow off the IRS they can be ruthless when they want to be...believe me I have witnessed it in the lives of my friends. :fence:You have IRS problems - this is serious. Avoiding it will only make it more serious. Consequences delayed are consequences multiplied.
Not necessarily - that remains for the courts to decide.Well when a contract is made by lawyers it is a valid contract when you sign it.
In Maryland Real Estate, there are laws about what may and may not be included in a lease agreement. If I put something that the state forbids in a lease, I can not trump state law - even if my lawyer draws up the lease.I came on here to give advise from what is in the contract from my husband's company that nobody has every gotten out of in the last 2 years my husband he has worked there.
Nobody has attacked you or picked on you. Stop being melodramatic.But since everybody wants to pick on me instead of dealing with the issue I will keep by mouth shut and let everybody attack somebody else.
http://www.paydayloanaffiliate.com/blog/Chapter7BankruptcyAndPaydayLoans.aspxhttp://wiki.answers.com/Q/If_you_file_bankruptcy_can_you_include_payday_loans
If you file bankruptcy can you include payday loans?
Here's the thing - Loans made within a short period (say a year or two, but certainly 90 days) of Bankruptcy generally aren't included, as they are considered taken in anticipation of BK, so you won't get relief. Payday loans are written in such a way that they actually renew every 30 days or so...and are entirely new loans...getting entirely new fee's etc. This is one of the main ways they get much higher than stated interest rates and these things can grow so large, so fast. Hence, they also really can't be discharged in BK.
However, a number of Judges/Courts, because of the abusive nature of Payday loans (and bad press...actions to control them), are simply looking through that and allowing them based on the "original" date that started the daisy chain of loans. It just sort of depends on your presentation....and the specific court your in. Even where a judge does allow it...the loan company can and will protest...and they do have a good firm legal case....but hopefully this can at least be resolved favorably for you.
Emphasis mine.Your Bankruptcy
Payday loans are often times very hard to pay off. This really only makes things worse. Sometimes you will sign a contract with a payday loan company that says you cannot include this debt in any bankruptcy you may have. But you should know that this is a clause that cannot actually be enforced by a payday loan company. The truth is that this cause is close to illegal. This is why you need to make sure you undertake any bankruptcy with a highly skilled lawyer. Experienced lawyer will know that you can, in fact, include payday loans in your bankruptcy. Payday loan companies put that clause in a contract because they really want you to pay back in a timely manner. This is the way that they make their money. So know that you are able to put your payday loan on a bankruptcy, but only look into bankruptcy if it is your last option.