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Payday Loans and Bankruptcy

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FLSnowpiercer
Member
‎11-28-2022 06:31 AM
‎11-28-2022 06:31 AM

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?

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DogwoodLynx
Frequent Contributor
‎11-28-2022 10:47 AM
‎11-28-2022 10:47 AM

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
Inquiries: 6/6mo 7/12mo 7/24mo – Latest inquiry: NFCU - Approved 01/23
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“You’re never gonna make the shots you don’t take, so you might as well fire away!” – Little Big Town (music group)

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FLSnowpiercer
Member
‎11-28-2022 10:52 AM
‎11-28-2022 10:52 AM

Re: Payday Loans and Bankruptcy

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

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FireMedic1
Community Leader<br> Mega Contributor</br>
Community Leader
Mega Contributor
‎11-28-2022 03:03 PM
‎11-28-2022 03:03 PM

Re: Payday Loans and Bankruptcy

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


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SUPERSQUID
Valued Contributor
‎11-29-2022 10:16 PM
‎11-29-2022 10:16 PM

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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who i burned - chase, cap 1, TD bank, Sync, were the biggies
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FLLGuy
Frequent Contributor
‎12-01-2022 07:27 PM
‎12-01-2022 07:27 PM

Re: Payday Loans and Bankruptcy

Personally, I poop on Payday loans!

 

 

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