Eliminate Your Payday Loan Debt

In theory, the purpose of a payday loan seems simple. An unexpected expense comes up that you can't afford until you get paid at the end of the week, so you take out a payday loan to cover the expense with the intention of repaying the loan when you receive your paycheck. The problem with these short-term loans is that payday lenders charge high fees and interest rates that often soar well into the double digits and which can end up costing you hundreds — even thousands — of dollars in interest.

Frequently, well-intentioned people find themselves unable to pay off these loans and are forced to take out new payday loans with other loan companies to pay off earlier loans. This dangerous cycle can quickly spiral out of control and lead to even deeper financial troubles.

Wipe Out Payday Loan Debt With Chapter 7 Bankruptcy

Much like any personal loan, a payday loan is considered to be nonsecured debt and can therefore be discharged in bankruptcy. If you are trapped in a cycle of taking out new payday loans to pay off other payday loans, I can help you get rid of these debts with a Chapter 7 bankruptcy filing.

Contact Steve Beck, Lawyer Today

While you may feel trapped and hopeless, you have options when it comes to your payday loan debt. I am attorney Steve Beck and I help Illinois residents discover options that work best for their situation. Call a skilled bankruptcy attorney today at (708) 479-1144, or contact me online. I offer free telephone consultations and am available during weekends and evenings by appointment and I am ready to answer your questions.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.