St. Louis Pay Day Loans
A St. Louis bankruptcy will get rid of payday loans, and put a stop to them calling you several times a day. Payday loan companies charge outrageous fees and interest rates, and take advantage of people who are suffering through hard financial times.
WE GET RID OF ALL YOUR ST. LOUIS PAYDAY LOANS
St. Louis payday loans are frequently used when individuals are in great need of money, and want a short term loan until they receive their next paycheck. But while the concept would appear to be straightforward, there are many costs in making use of such a loan.
ST. LOUIS PAYDAY LOANS ARE KNOCKED OUT COMPLETELY
To begin with, payday loans often come with a very high interest rate. This interest rate can make paying the loan back in a timely manner nearly impossible. As a result, people will sometimes resort to taking out additional St. Louis payday loans in order to make ends meet. This cycle results in a great many outstanding debts, and each one of them will carry very high rates of interest.
PAYDAY LOANS CAN BE DISCHARGED BY A ST. LOUIS BANKRUPTCY LAWYER
In addition, the St. Louis payday loan system is based on the idea that you will eventually pay off the debt once you receive your regular paycheck. Most people’s paychecks are automatically deposited into a checking account at their bank. And the normal agreement that you sign with the payday loan company allows them to reach into your bank account to pull money out of it at a certain date in the future. If the money is not there, or if the account has been closed, the payday loan company will begin its collection process immediately. And there is nothing quite like receiving a harassing phone call from a payday loan collector.
But the St. Louis bankruptcy attorneys at The Law Office of Jennifer Alter-Rieken have dealt with every major (and minor) payday loan company in the region for years, and have successfully gotten rid of hundreds of thousands in payday loan debt. Our staff can put you back on the road to financial health, and get you the fresh start / clean slate that you deserve. Whether it is in the form of a St. Louis Chapter 7 bankruptcy or a St. Louis Chapter 13 bankruptcy, our team is ready to help.