Bellevue Payday Loan Lawyers

A Chapter 7 bankruptcy or Chapter 13 bankruptcy can wipe out payday loans and Moneytree loans.

If you have a financial emergency, you may think a payday loan will solve your problem. However, what you may not realize is that Payday loans or your Moneytree loans are traps that ensnare countless people every year. Eighteen states have laws prohibiting payday loans, because they understand their predatory nature. Unfortunately, Washington State is not one of them.

Why are payday loans so dangerous? If you’re unable to repay loan on time, ridiculously high interest and additional fees can make the amount you owe quickly skyrocket to unmanageable levels. The annual percentage rate on some Washington payday loans are a ridiculous 5000%. Compare this rate to the 10% to 30% rates on credit cards, which most people agree are too high.

Whether it is by Chapter 7 bankruptcy, or by Chapter 13 bankruptcy, our Bellevue payday loan lawyers are typically able to completely wipe out 100% of all Payday loans. They are an unsecured debt, and, in our opinion, their loans are predatory to say the least. So, if you are behind on your bills and are taking out Moneytree loans to make it through the week, give our debt relief lawyers a call.

Our Bellevue bankruptcy lawyers are here to help.

Things are rough out there right now. Our Bellevue Chapter 7 bankruptcy attorneys are here to help. If you qualify for Chapter 7 bankruptcy protection, you can almost be assured that 100% of your payday loans will be completely wiped out in your bankruptcy. The only possible defense to this happening would be some allegation of fraud.

This means that one medical emergency can send you into a permanent financial tailspin from which there is no chance of recovery. Worst, payday loan companies will tell you that the debt cannot be discharged by declaring bankruptcy, but this is an outright lie. Even if you were required to sign a contract that says the debt is unaffected by bankruptcy, the company cannot enforce it in court.

Payday loans may seem like a viable option when you’re already stretched to your financial limits and out of reliable options, but there is a reason they are so willing to lend you money. Don’t be a victim of their dubious business practices. Contact our bankruptcy law offices and talk to one of our Bellevue bankruptcy lawyers about how you can get out from under debt caused by a payday loan. Find out if filing a Chapter 7 or a Chapter 13 bankruptcy is the right move for you and your family.

Bankruptcy offers a way to eliminate payday loan debt:

If you’re trapped in a financial death spiral because of a payday loan, you may feel as though your situation is hopeless. Nothing, however, could be further from the truth. Our Chapter 7 bankruptcy and Chapter 13 bankruptcy lawyers want you to understand that you have very important legal rights when it comes to debt relief. If you are able to qualify, filing for bankruptcy is your absolute legal right. And, more importantly, probably your best option.

If you’re finances are bad enough to take out a payday loan, you probably should already have considered bankruptcy as an option. The federal government developed bankruptcy laws to help people with serious debt become productive contributors to our economy. Without it, our economy would entirely fail.

If a payday loan officer tells you that bankruptcy won’t eliminate your debt, they are not telling you the truth. Contact one of our Bellevue bankruptcy attorneys and explore your options.

Bellevue, Washington, payday loans and you.

There are countless payday loan companies in Bellevue, WA. A simple Google search will generate more than 300,000 results. Living in Bellevue is great because it’s got all the benefits of city life, but it’s still close to the great outdoors. However, homes and living expenses are high when compared to the rest of the nation, so it’s inevitable that residents will sometimes seek out one of these payday loan companies for some quick cash.

 If you declare bankruptcy to eliminate payday loan debt, your case will be heard in Western Washington’s bankruptcy court. If you would like to examine statutes and rules that govern bankruptcy, check out this helpful link. Or simply contact our law office and speak with one of our Bellevue payday loan lawyers about your situation.

If a payday loan company threatens you with fraud, they are just trying to intimidate you.

It’s common to secure a payday loan with a postdated check. This motivates payday loan companies to say that you can be prosecuted for check fraud if you declare bankruptcy. What they’re essentially telling you is that you’ll go to jail if you declare bankruptcy, even if you can’t afford to pay your bills.

It is true that writing a bad check is fraud, but this law does not apply to payday loans. Why? Because you made an agreement that the loan would be paid at a later date. This is proof that you intended to pay off the debt, which is no different than a credit card agreement.

Never trust payday loan officers or bill collectors to offer you accurate legal counsel. They only want your money. For all legal matters regarding bankruptcy, contact qualified Bellevue bankruptcy attorneys who actually know the law. Our Chapter 7 and Chapter 13 bankruptcy lawyers are standing by to help you understand your legal rights and options. Call now for a free initial consultation and case evaluation.

Our King County bankruptcy lawyers offer low flat fees a FREE initial consultation.

If you owe money on a payday loan and you still use the checking account from which the loan was written, we urge you to close that account as soon as possible and then open a new one. If you have questions, please contact one of our Bellevue and King County debt relief lawyers for a free consultation, and wipe out payday loans once and for all. All Chapter 7 bankruptcies handled. All Chapter 13 bankruptcies handled.

(425) 953-4061