Legal Question in Credit and Debt Law in Georgia

One possibility, and you are not far from my office, may be that the loans may get wiped out under the bankruptcy code. You may also have other options and I can review these for you.

Please call my office Monday I'd be glad to help you explore your options to escape the loan sharks at the Payday loan companies.

NEVER take out a payday loan. These people are worse than Tony Soprano!

NEVER give anyone your banking information or allow them to automatically debit your checking account whenever they feel like it. The only remedy is to close your bank account and get an account elsewhere.

Once you get your finances on track (and you need to pay the car loan and your rent first), go and pay an attorney for a 30-60 minute consult and allow him/her to review the loan documents. Payday lenders have to comply with strict requirements and the lender may have violated the Georgia laws particularly if the payday lender is located out of state. Depending on the circumstances, you may not even owe the money if they have been repaid.

Failing that, payday loans are like any other unsecured debt. Maybe they will sue and maybe they will send it for collection. If it goes to collection, you may be able to negotiate a settlement for less than what you owe. Bankruptcy is a drastic remedy not without its own consequences and should not be entered into unless you have a great deal of other debt (over $10,000).