Legal Question in Credit and Debt Law in California

payday advance loans

I got my self into a bind. I have 7 different payday loans which I'm paying over $700.00 in interest each month. I want to just give up paying them and close my checking account because my bills and my family is starting to suffer. What can I do?


Asked on 4/25/04, 12:09 pm

1 Answer from Attorneys
Sheldon G. Bardach Law Offices of Sheldon G. Bardach

Re: payday advance loans

Contact your creditors, or have an attorney contact your creditors, and attempt to work out a more workable payment program. They will attempt to reduce your interest, even propose a reduced loan settlement. Everything is possible.

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Answered on 4/25/04, 1:14 pm


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