Archive for the ‘West Virginia Payday Loan’ Category

Could I Dispose of Payday Advances in Bankruptcy?

Sunday, October 4th, 2020

Could I Dispose of Payday Advances in Bankruptcy?

Cash advance organizations provide a short-term loan of some hundred bucks which is paid back regarding the borrower’s payday that is next.

The borrower usually writes a post-dated check to the lender to obtain the loan. Often the cash advance loan provider will require a declaration that the debtor is certainly not considering bankruptcy, and, often, that the borrower will likely not register bankruptcy as time goes on.

Guarantees never to register bankruptcy aren’t contract that is enforceable and therefore are considered void against general public policy. (more…)