The lure of short-term cash advances or pay day loans are tempting. It’s immediate cash with a quick credit check. It helps ease any immediate financial burdens placed on you when you cannot make your rent, pay to repair your vehicle, or pay for something important for your child.
The interest rates and repayment plans of short-term cash advances or pay day loans are often unbearable for most people. They find themselves taking out yet another cash advance or short-term loan to pay a single payment on the first loan. Sometimes yet another loan to help make the payments on the other loans.
Did you know most short-term cash advances or pay day loans are dischargeable if you qualify for a Chapter 7 bankruptcy? Bankruptcy is often the only way out of the never-ending cycle of loan after loan. Bankruptcy can help provide you with the fresh start you need to say “Goodbye” to those short-term loans that have been floating you.