St. Louis Pay Day Loans

A St. Louis bankruptcy will get rid of payday loans, and put a stop to them calling you several times aday. Payday loan companies charge outrageous fees and interest rates, andtake advantage of people who are suffering through hard financial times.

St. Louis payday loans are frequently used when individuals are ingreat need of money, and want a short term loan until they receive their nextpaycheck. But while the concept would appear to be straightforward, thereare many costs in making use of such a loan.

To begin with, payday loans often come with a very high interestrate. This interest rate can make paying the loan back in a timely mannernearly impossible. As a result, people will sometimes resort to taking outadditional St. Louis payday loans in order to make ends meet. This cycleresults in a great many outstanding debts, and each one of them will carry veryhigh rates of interest.

In addition, the St. Louis payday loan system is based on the ideathat you will eventually pay off the debt once you receive your regularpaycheck. Most people’s paychecks are automatically deposited into achecking account at their bank. And the normal agreement that you signwith the payday loan company allows them to reach into your bank account to pullmoney out of it at a certain date in the future. If the money is notthere, or if the account has been closed, the payday loan company will begin itscollection process immediately. And there is nothing quite like receivinga harassing phone call from a payday loan collector.

But the St. Louis bankruptcyattorneys at The Bankruptcy Company have dealt with every major(and minor) payday loan company in the region for years, and have successfullygotten rid of hundreds of thousands in payday loan debt. Our staff can putyou back on the road to financial health, and get you the fresh start / cleanslate that you deserve. Whether it is in the form of a St. Louis Chapter 7 bankruptcy or a St. Louis Chapter 13 bankruptcy, our team is ready to help.

Call us at (314) 932-1067 or contact us through our website The Bankruptcy Company to set up your free consultation with our experienced St. Louis bankruptcy attorneys.