Q&A: What can happen if i can’t pay back pay day loans?
Question by Tori Lynn: What can happen if i can’t pay back pay day loans?
I have 7 small pay day loans out and i’m unable to pay them right now. They have been calling me and leaving threatening messages. They have even called me at work. I don’t know what to do or what they can do to me? Can someone give me some advice on this?
Best answer:
Answer by spiritgide41
It sounds like you are a strong candidate for bankruptcy. If your condition allowed some way to recover, it would be different. From your description, I get the impression that this would not be possible. Bankruptcy will give you a fresh start, and I would not delay. I have been in the position many years ago, and been bankrupt; I understand the difficulty. I also rebuilt my life and now have top notch credit and am strongly financially secure. In some conditions bankruptcy is a new start, not the finale.
Add your own answer in the comments!
It sounds like you are a strong candidate for bankruptcy. If your condition allowed some way to recover, it would be different. From your description, I get the impression that this would not be possible. Bankruptcy will give you a fresh start, and I would not delay. I have been in the position many years ago, and been bankrupt; I understand the difficulty. I also rebuilt my life and now have top notch credit and am strongly financially secure. In some conditions bankruptcy is a new start, not the finale.
Help! I Can’t Pay My Bills: Surviving a Financial Crisis
Help! I Can’t Pay My Bills: Surviving a Financial Crisis
In this age of skyrocketing personal debt, more and more Americans find themselves facing a financial crisis. CPA Sally Herigstad provides the strategies you need to take charge of your financial problems and get back on your feet. This clear, step-by-step guide will get you started on your way to financial security. You’ll learn to:
*Create a realistic plan for reaching your financial goals
*Find cash you didn’t know you had
*Talk to creditors when they call
*Build – and stick to – a budget
*Get help with catastrophic medical bills
No matter how you got into a financial crisis, it’s never too late to take steps to turn things around. This book will help you take charge of your finances – and your life.
Sally Herigstad is a certified public accountant living in Kent, Washington. She has written numerous articles for Microsoft’s MSN Money Web site.
List Price: $ 15.99
Price: