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Payday Loans and Bankruptcy

FLSnowpiercer
Member

Payday Loans and Bankruptcy

Had my 341 hearing this past Wednesday, which was a relief.  My friend joked ""No more payday loans"".  Not that I plan on taking any, but could someone take a payday loan while waiting for the discharge and not mess up their discharge?

Message 1 of 6
5 REPLIES 5
DogwoodLynx
Frequent Contributor

Re: Payday Loans and Bankruptcy


@FLSnowpiercer wrote:

Had my 341 hearing this past Wednesday, which was a relief.  My friend joked ""No more payday loans"".  Not that I plan on taking any, but could someone take a payday loan while waiting for the discharge and not mess up their discharge?


Lol. Please dont do this! Your days of PayDay loans are over. Those are probably one of the worst financial decisions you can make.

 

(Ive been there and thankfully paid it off!)

 

I wouldnt do anything without checking with your attorney. 

Siggy updated Feb 16 2023
Chapter 7 BK discharge: 12/19/22
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Message 2 of 6
FLSnowpiercer
Member

Re: Payday Loans and Bankruptcy

Lol no. Not planning to take one.  Just a conversation that came up.  

Message 3 of 6
FireMedic1
Community Leader
Super Contributor

Re: Payday Loans and Bankruptcy

Dont even sneeze right now till DC has been completed. Your legally out of debt now. Stay that way.



Homeowner Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my rebuild after BK from learning here. Started 540's. FICO 9 801 as of 05/03/2023. I stayed around to pay it forward for those who helped me back then. TU BK EE

Message 4 of 6
SUPERSQUID
Valued Contributor

Re: Payday Loans and Bankruptcy

Those payday loans are notorious for crazy interest and fees, if possible avoid them. And like Firemedic said dont do anything during the process.

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Message 5 of 6
FLLGuy
Frequent Contributor

Re: Payday Loans and Bankruptcy

Personally, I poop on Payday loans!

 

 

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