Is it possible to discharge pay day loans in bankruptcy? Are pay day loans dischargeable in bankruptcy?

Is it possible to discharge pay day loans in bankruptcy? Are pay day loans dischargeable in bankruptcy?

Payday financing is generally accepted as among the borrowing choices that are creepiest in terms of consumer financing. The practise mostly involves an ask for post-dated checks, sky-high rates of interest, and difficult-to-track loan providers who live in safe abodes (frequently in international nations like Costa Rica, Panama, and Belize) and predominantly outside of the reach of this Fair Debt Collection methods Act (FDCPA) as well as other United States customer protection legislation. Continue reading Is it possible to discharge pay day loans in bankruptcy? Are pay day loans dischargeable in bankruptcy?