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Renton Bankruptcy Attorneys

(253) 458-4038

Payday Loans and Bankruptcy

Questions about Payday loans, Check Masters loans, and Moneytree advances?

Talk to a Renton, WA bankruptcy attorney today!

Are Payday loans discharged in a Washington State bankruptcy?

What about Check Masters and Moneytree? 

Payday loans are loans where you write a check dated for your next pay day for more than the amount of the loan.  These kinds of predatory loans often have absolutely outrageous fees and interest charges attached to them. 

They are are nothing more than unsecured debts.  The fact that you gave the company a post-dated check DOES NOT mean that they are secured.  They are nothing more than very short-term personal loans with ridiculously high rates of interest that can spin out of control very fast.

Perhaps because they involve writing a check, many people think you cannot discharge pay day loans in bankruptcy.  This is completely untrue.  The simple truth is that Payday loans, as well as those from companies like Check Masters and Moneytree, are almost always discharged in a Renton, WA bankruptcy.

Struggling with Payday loans?  Get relief now!

We receive complaints from our clients all the time that pay day loan companies have told them that they cannot discharge their payday loans.  Again, this is simply not true.  They just want your money.  We have helped numerous clients over the years discharge hundreds of thousands of dollars in Payday and other predatory loans.

Keep in mind, however, if you take out any loan without intending to pay it back, a creditor can sue you for fraud in bankruptcy court and you may have to pay it back.