• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

How To Get Out Of Payday Loan Debt

The internet is littered with stories of payday loan nightmares. Most stories have the same common thread: an individual gets into a financial bind or suffers an incident that requires fast cash they don’t have, goes to a payday loan outlet, and gets instant access to the cash they need. Seems like a great deal right? Well what happens next, is unfortunately, also common place. You may be able to pay off the loan on time, but come up short the next month and are forced to return to the payday loan outlet. If you miss even one payment during this cycle the interest rates and fees balloon out of control and then the collection attempts begin. Before you know it, you are getting daily debt collection phone calls or even sued for the astronomical amount of interest plus the original loan balance. If this sounds like a familiar story, it’s because nearly 12 million Americans get caught up in the payday loan debt cycle every year. This equates to a whopping 9 billion dollars in loan fees.

How to Get Out of Payday Loan Debt

So, payday loan companies actually make more money when you do not pay back the loans. If you’re caught up in this vicious cycle,, how do you get relief? The good news is that depending on where you live, you most likely have several different options for getting out of your payday loan. If you have fallen behind with a lender that is a member of the Community Financial Services Association of America (CFSA), you should have access to an EPP, or extended payment plan. Under these plans you can get additional time to pay back the loan without huge fees, interest penalties, or being turned over to a collection agency.

The only certain way to eliminate payday loan debt, is to file for Chapter 7 or Chapter 13 bankruptcy. This seems like a drastic measure, but it’s the only sure fire way to stop collection activities, as well as, discharge the debt.

Payday Loan Credit Checks

Taking out a payday loan is relatively easy; however, as many find out, they can be extraordinarily hard to pay off. Payday loans are so easy to take out, in fact, that the U.S. Government has been working to crack down on lenders via the Consumer Financial Protection Bureau who has renewed efforts to enlist laws that require the lenders to check a consumer’s ability to pay back the loan before handing over the cash. The payday loan community, whether intentional or not, currently receives the bulk of its customers from the poorest populations that are already on rocky financial ground.

If you are currently caught up in the vicious payday loan cycle that you can’t get out of, there is help available to you. Contact a Modesto bankruptcy lawyer immediately who is well versed in different debt relief methods.

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