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I'm sure the payday loans company will sue me and garnish my wage before 3 month if I close my bank account Should I tell them that I'm in the process of filling bk. OK, I got it. They could sue you within that three-month period, but (if you file a proper answer to the lawsuit) they wouldn't get a judgment against you and garnish your wages before that three months has gone by.
I recommend that you consult with a bankruptcy attorney in your area to see if filing bankruptcy would be a good option for you, and if so then move forward so you're ready to file your case just after that three-month period.
And no, don't tell them anything about bankruptcy. I'm a 73-year-old retired, disabled woman with three payday loans. I only have enough money from Personal loan in abu dhabi for expats Security to pay my rent and utilities and feed my grandchildren, who live with me. I believe I should take Ch. If so, will I have to pay a large amount for the bankruptcy services.
I live in Tennessee and saw a bankruptcy attorney last spring.
The loan will also continue to attract interest, often at about 1 a day. This means a £100 debt would balloon to about £187 if you made no payments for two months. However, different lenders have different approaches, and one personal loan qnb egypt the biggest criticisms of payday lenders is the lack of transparency when it comes to late payment charges.
It can be impossible to find detailed information on websites about late charges. Whats clear, though, is that payday loans are one of the most expensive ways to borrow money, with annual percentage rates up to a staggering 6,000, compared with a typical credit card APR of 20. So the longer your payday loans drag on, the more your debts will zoom out of control.