Can I File Against Payday Loans With Savings Account? Will Pay For Help!

Edwards Finance > Payday Loan

Q. Can I File Against Payday Loans With Savings Account? Will Pay For Help! I am up to the wall with payday loans, some Checks some not, as well as other creditors, as a result of mistakes and hardships caused by the death of my First husband. I am obligated to pay more than I earn. I have to file bankruptcy NOW. I just closed my checking account leaving my savings account still open at same bank. With extension after extensions I have paid Well over the amount borrowed, and now owe more than the amount borrowed. There is a rumor at work that there is a class action lawsuit in the works here in Nevada against these Predators

A. Payday loans are one of the worst deals that have ever been permitted by any legislature. And bounced checks can be referred to the district attorney's office for prosecution. I suggest that you contact the lender in writing (use a fax with a confirmation report) and tell them your situation. Include your telephone number in your correspondence, so they can call you. If they do call you take notes and send them another letter summarizing the conversation (e.g., "This is confirm our telephone conversation of this date wherein you said X and I said Y.")(and get another confirmation report). They probably will not work with you, but you can never tell. Attempting to resolve this prior to bouncing checks will at least partially insulate you from claims that you're conduct was intentional. You may also want to familiarize yourself with the state law governing permissible payday loan practices ( http://www.leg.state.nv.us/NRS/Search/NRSQuery.cfm ). You may have counter claims against the lender. If that doesn't work contact a bankruptcy professional in your area. It doesn't have to be someone that adversities on T.V., in fact, I'd avoid those places (but I'm biased in favor of small firms). If you call a few you'll find someone that will talk to you at length about the next steps. Class action relief is not likely to help you in time, and even then future borrowers and the class action attorneys will reap most of the benefits. Please let the group know how it works out.

Ask Edwards a Finance Question

Other Questions:

Can I File Against Payday Loans With Savings Account? Will Pay For Help!

Can I File Against Payday Loans With Savings Account? Will Pay For Help! I am up to the wall with payday loans, some Checks some not, as well as other creditors, as a result of mistakes and hardships caused by the death of my First husband. I ...

USA Today: Last hope for middle class: pawn shops and payday loans? - Booming economy? Check out today's USA Today. While the investor class is on their way to the bank (for now), not so for average American wage earners who are forced into pa...

What is Quick payday loans?- Quick Payday Loans are very easy and quick way to get the cash. Cash are instantly given to the client if requirements are complied immediately. Get quick cash fulfill your requirements. For details,Visit to http:...

Vicious "Same Day Payday Loans" for US Troops?- But spokesmen for the industry argue that stores with names such as Planet Cash offer a service "bridging the gaps between paydays" that banks, credit unions and the military can't or won't provide ...

Vicious "Same Day Payday Loans" for US Troops?- But spokesmen for the industry argue that stores with names such as Planet Cash offer a service "bridging the gaps between paydays" that banks, credit unions and the military can't or won't provide ...

Edwards Finance Menu

Ask a Question
About Us / Me
Contact Me
Privacy Policy

Sitemap

My Favorite Sites

PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog

Q&A Subjects