Show up in court and ask them for proof that you owe them the money, because often they show up without proof, Saunders says. A CFPB review of one lenders lawsuits found that 70 were dismissed for lack of proof.
Other options if you cannot pay a payday loan. You should not prioritize paying the payday lender over putting food on the table or paying the rent, Saunders says. Cover basic needs first: You may be eligible for community assistance plans for help with rent, utilities or food Seek advice from a nonprofit credit counselor, bankruptcy attorney or legal aid center about your next moves.
Its not worth filing for bankruptcy over one small debt, but you may want to consider it if your unsecured debts - including payday loans, credit cards and medical bills - total half or more of your income. Dont delay and hope the debt will magically go away - it wont. Time never makes small personal loans instant approval go away, Ulzheimer says.
Com does not have an available lender, you will not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender.
Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether small personal loans instant approval or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
The purpose of shorter duration loans is to provide the borrower temporary financial relief.
Send them a copy of your discharge of debts. Those companies are known to lie about most anything to get you to pay them. I owe 9,000 mostly due to payday installment loans. I'm on social security and have over extended myself and cannot make all the payments let alone living expenses.
I need to retain a bankruptcy attorney and file Chapter 7. The only income I have is 1500 social security and 150 small pension check. I know this will ruin my credit and I'll have a hard time finding a place to rent but I have no choice.
I'm single, no dependents but have no assets and I'm 65.