Yes, in Florida at least. Payday loans are predicated on your ability to pay off a check that is being held by the lender (at a high rate of interest). You must be employed, a resident of the area, and be able to prove enough income. If the check bounces and your bank fails to cover the overdraft, they sic the bill collectors on you.
I can't answer for everyone, but I will tell you this. My chapter 7 was discharged just two months ago. I had worked hard for 20 years to establish a credit score near 800 pre-BK, but had to file for a variety of reasons. My post BK score (from a popular free credit report web site, to which I have upgraded to a paid subscription) dropped to a 650 and raised and held at 670. I have been very fortunate and blessed to land a nice paying job back in my field and needed a car for my wife to shuttle the kids around in while I travelled for business. We chose a reasonable and reliable used car, which made more financial sense than buying new and watching the car lose 30% of its value as we drove it off the lot. So we picked a 4 year old low mileage SUV. I was sure I would be either denied for a loan outright or offered a subprime with a high interest rate, which I was prepared for. I filed and I knew the consequences. On the other hand, I have continued to pay my mortgage and the lease for my other car and was never late, so I thought I might have a chance.
Long story short, I was approved for two loans, one subprime at 14% and one conventional at 6.9%. The 6.9 was through Ford Motor Credit, with which I had a positive payment history, so maybe that helped. I took the 6.9.
So to answer your question, watch your credit score, limit the number of credit inquiries and work with your lender. I financed through the dealership and told them up front about my BK. They worked with me and found a conventional loan. Some experts will tell you to re-establish your credit quickly by getting a credit card and using it wisely. I was issued a corporate card from my company, but it hasn't shown up on my report yet, so I don't know if it helped.
So it can be done. Hang in there and best of luck to you.
Nowadays many people are faced with the problem of debt. A good majorityamong them fail to clear off their debts and in the end will file for bankruptcy. People are advised to resort to bankruptcy as the last resort. The main reason they are advised so is because once they declare bankruptcy it becomes very difficult to clear their credit card and get them new loans for that matter.
If in any case the person had to declare bankruptcy and later are in a situation where they must take loan then they can take one after understanding the procedure. Since the person has already declared bankruptcy most of the lenders whom they have approached for money will be very careful. They will give ou the money under strict rules and regulations.
The person first needs to go through their earlier credit card details and see what all were filedunder bankruptcy and what all were not filed. In this form under those which were not filed for bankruptcy they have to choose those transactions which have a clean credit card record. They can use these credit card details to persuade the lender to lend the money. In this way the person can afford loan after declaring bankruptcy. Usually it is recommendedthat the person wait for few years before they go for a loan as that they can straighten out their credit card score by then. If the person is in a condition where they must have a bankruptcy loan afford then they can go ahead and meet some prospective lenders with their earlier credit history.
If the person is looking forward to afford loan after bankruptcy for their home then it is better if they choose loans with down payment as they can improve their credit score.
A person can refinance during bankruptcy by checking ones credit rate and talking with their attorney. Refinancing is not always possible and depends on the individuals circumstance and this course of action often damages the individuals credit rate.
Most people believe it is difficult to obtain a loan after bankruptcy, but the opposite is true. Since individuals can only declare bankruptcy every seven years, lenders know a recent bankruptcy guarantees payment. One could find a loan virtually anywhere, but always check local lenders.
Unfortunately, there is no such thing as loan forgiveness when it comes to payday loans. The only way to erase these debts is to declare bankruptcy.
Consumers looking for a way to get an auto loan with a bankruptcy on their record may consider payday loans to meet their needs. Payday loans are unsecured loans meant to help out those who need cash fast, and who do not have a good credit score. These loan companies do not check their customers credit score, and even a repossession or bankruptcy will have no bearing on the eligibility of the loan. For those looking to get an auto loan when dealing with a bankruptcy, a payday loan my be the type of company that can really help out.
There are at least four (4) ways to get out of paying a payday loan, summarized as follows: * Repay the loan * File bankruptcy * Die * Ignore the loan, change bank accounts, and never use that payday lender again But according to me the best way in all 4 is the first one "Repay the loan" on time i.e. on your next payday.
No. In fact, payday lending is illegal in Maryland. You wouldn't even have to file bankruptcy on the payday loans. They couldn't touch you in Maryland anyway. Even if you do file bankruptcy on them, they will still most likely call and harass you. They are well known for disregarding the laws, including bankruptcy laws. A payday loan and a bad check are two different things. Unless you physically wrote a check to a storefront lender, you would not be writing a bad check. I'm sure you never wrote a check at all, but payday lenders will lie and tell you that it is a crime. That's simply not true.
Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free
Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.
can i get a payday loan with a pre existing loan on my emerald card
payday loan yes was a payday loan company that was bought out by Spotya there now at http://www.Spotya.com
Yes, it will be helpful in getting you an instant payday loan.
There are many payday loan providers from whom one could obtain a payday loan. A few examples of such companies are Wonga, Pounds to Pocket, QuickQuid, Payday loans, and Payday.
Payday loans can be put in chapter 7.
A cash till payday loan can get you fast money by advancing your next payday to the day you apply. Then your cash till payday loan get you the cash till payday ...