I’ve observed that some people who are in a desperate attempt to keep current on paying
their monthly bills decide to use payday loans. The payday loan is a popular, but dangerous type of unsecured, short-term loan for those who are in need of funds and not able to obtain them from other methods.
In the past, I was stunned once I started looking at the interest charges for payday loans. Several of have been in excess of 600% annually.
Payday loan lenders usually require the deposit of a post-dated check at the time the financial loan is taken out. The loan provider may cash it if the customer doesn’t pay back the loan promptly.
Sadly, in spite of the best of intentions, payday loan borrowers might be unable to pay off the loan promptly and become subjected to criminal charges for inadequate funds when the lender tries to cash their post-dated checks.
When you are thinking about taking out payday loans because you are otherwise struggling to pay off your debt on time, you owe it to yourself to consult a bankruptcy attorney first.
For additional resources visit:
http://www.twitter.com/frankledbetter - Twitter
http://www.youtube.com/bankruptcylawstl - YouTube
No comments:
Post a Comment