Legal Question in Credit and Debt Law in Missouri
I have too many payday loans and I can't pay them off. The interest is killing me and now I can't even pay my vital household bills. I don't want to be evicted. What can I do?
Asked on 9/12/12, 12:31 am
2 Answers from Attorneys
Anthony Smith
LawSmith
Pay your rent and utilities with the money you have. Cut out extra expenses, and what you would have spent on cable TV, going to the movies, meals out, etc., on paying down the loans. Get a roommate and sell as much personal property as you can, to start paying off the loans, starting from smallest to largest. If you cannot, or will not do that, stop paying on the loans fir a month our two, and use the money to pray a bankruptcy attorney.
Good luck
Answered on 9/12/12, 3:37 am
M. Scott Montgomery
the montgomery law firm llc
Some pay day loan companies will not sue
Answered on 9/12/12, 8:01 am