Articles Posted in Payday Loan

NO!!!  The lender cannot threaten or use criminal prosecution to collect.  However, the lender may file an action against you in civil court.  If you cannot repay the loan, you may request that the lender place you on a payment plan.  However, the lender is not legally required to grant…

Yes.  Payday loans are classified as unsecured debt.  If you cannot repay your payday loans, consult with an experienced bankruptcy attorney immediately to discuss your legal options.