YouвЂ™re being lied to if youвЂ™re told otherwise.
Cash advance providers will inform their clients so itвЂ™s unlawful to add their loans in a bankruptcy. The customers are told by them they are able to head to jail. TheyвЂ™re lies that are telling!
DonвЂ™t autumn for these lies.
You arenвЂ™t able to pay it back, donвЂ™t be scared to file for bankruptcy if you take out a payday loan and.
Then that debt is treated like any other unsecured debt вЂ“ a debt not backed by collateral вЂ“ in your bankruptcy if you owe money to a payday lender. It could be contained in a Chapter 7 for complete release without making re payments upon it. Or it could be lumped in together with your other debts in to a Chapter 13 for which youвЂ™ll make AFFORDABLE payments onto it for a longer time period.