Question by Phillip D: I have several pay day loans and I need to file chapter 13 bankruptcy can I?
I originally got a pay day loan to help out with some bills. Then I had to get another to pay the interest and so on and so on the same thing now I have 10. I have other debt as well and I need to file a Chapter 13 bankruptcy so I can get back on my feet. Can I include the pay day loans even though I had gotten some of them recently but they all are past due as of yesterday?

Best answer:

Answer by Lady D
It’s possible, but I wouldn’t get anymore as that could put you at risk of being charged with fraud. Talk to your bankruptcy attorney.

I hope this is a good lesson to you and others who read this question. Payday loans and title loans have such a high rate of interest that they can be nearly impossible to pay back. Many of them have payments structured to where you are really paying 400-800% interest! These are predatory lenders. It’s better to reduce your bills and go without a few things you might not need than to mortgage your future to these jackals.

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