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OP, please listen. You are being given some horrible advice in this thread that will only increase your problems. Please go online or call your state bar association and get the name of a few bankruptcy attorneys in your area. Call them. They might give you some excellent advice over the phone or have you come in for a free consultation. Ask them what their fees are. Research the difference between a Chapter 7 and Chapter 11 bankruptcy. It could also be that the terms of the loan are so usurious that they are unenforceable. Again, a bankruptcy attorney is going to be the person who knows what the law is in your state.
Be aware that when you ask questions on the internet about your legal rights, especially with creditors and bankruptcy issues, the answer will vary by state.
If you have given the creditor a post-dated check for the loan balance, I'd plan to close the bank account. Check with the attorney first but right now I'd set up a new account elsewhere and paychecks etc would be going in there.
If you do negotiate with the creditor, I'd still have an attorney look over the release before giving them a dime.
I am not looking for someone on here to give me money wasn't my intention to come across like that. I am not some begger I was just looking for advice. I trust my husband why would it matter if I'm on it or not I don't plan on leaving and I hope he is not either if he is still here with me after this I don't think he is going anywhere. Putting the house in his name gave us a lower interest rate.
You haven't given many details, but another option might be to sell both of your vehicles, if they have value, and buy a couple of beaters (what I call "point A to point B" cars). Use the difference to dig yourself out. Should get you by long enough to stop the cycle. Then if you have to take a new 5% loan out to get a new car because one is dying, you can. If they keep running for years, keep driving them as long as you can.
I'm still having trouble with the irony of someone having $12k in payday loans because they were afraid of credit cards. I charged $4000 once on a credit card. I got 0% for a year and then only 11% after that. Totally pay-off-able. That's the only time I've ever charged more than I could pay off at the end of the month, but it didn't start a vicious cycle from which I could never. Once you get out of debt, spend a few dollars and take a class on personal finance. Learn to use credit responsibly, as a tool, and you won't have this problem again. If you continue to be afraid of credit, everything financial bump in the road becomes a major emergency, as it has here.
I think this OP is a scammer. It sounds like she is trying to get someone here to lend her the money. I just can't understand how someone so financially responsible would even think of a payday loan at 100%. It doesn't add up. Plus she works TWO jobs, one is 50 hours a week alone, plus she goes to school. OK. I just don't buy it. Plus, another person suggested several times not paying the payday loan but OP isn't hearing that. Whatever.
Listen OP. If you are for real, you have already paid those people back what you owed them and more. Close your bank account, change your number and learn from it.
I wasn't afraid at that point of credit cards and was trying those but I filled out one application online and before I knew it was bombarded by phone calls telling me 1500 would be in my account the next day before I realized it I took out about 6500 from four diff lenders that's why I can't keep up it's four interest payments every two weeks. It was all to easy and I was stupid for agreeing to it before I realized the terms
I'm not trying to get money from anyone on this site it is a forum for advice right?? That's all I was asking for. I work as a rest manager 5 days a week 4pm to 2 am I go to school mon weds and fri from 11-2 may only be three classes but I'm still going I'm waitressing at a local rest Monday and Tuesday night which are my two days off and they are not that busy as most people go out on the weekends I'm sorry if you think I am scam. Not my intention as stated before my acct is overdrawn till tonight at midnight can't close out my account until there is a positive balance which is tomm . All I've talked to in three days since I posted an add in a funding forum has been scam artists please do not put me in their category
Thank you to those who gave me advice I will close my account tomm and call a lawyer tomm. I'm sorry to everyone who thinks I'm a scammer I was just searching for advice not money from anyone on here. I was just panicked and made poor decisions when your mom is in the hospital let me know how rational you think
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