The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.
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This is in addition to violating the automatic stay. (To learn more see, visit our Illegal Debt Collection topic area. ) Some states even prohibit or restrict payday alliance personal loan 2014 from engaging in the practice of demanding post-dated checks. For instance, Michigan's Deferred Presentment Service Transactions Act requires a payday lender to be licensed before it may use post-dated checks as security for advances and other payday loans.
THE NEW AMERICAN HOME. With Chris Stevens. Can I Get No Credit Check Payday Loans During Bankruptcy. When you filed for bankruptcy, you provided information for all of your loans to the United States Bankruptcy Court, whether you provided that information through your bankruptcy attorney or directly.