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