The payments are so high [for these types of loans], theres no way anyone could honestly pay them. And anybody that dont make a whole lot of money, its gonna do them the same way. So they really shouldnt even be offered. If you have a personal story about borrowing money online, The Huffington Post wants to hear from you. Contact Hunter Stuart at hunterhuffingtonpost. com or 212-402-7149. Update, January 21, 2015: Lisa McGreevy, CEO of the Online Lenders Alliance, emailed HuffPost an extensive response to this article.
She reiterated the stance of the OLA representative in the story, that state laws about online lending are unclear and that most online lenders don't operate in states "where jurisdiction is in question. " Among personal loans for uber drivers other points: "The article relies heavily on a Pew Charitable Trust study regarding online and storefront lending that is based on research conducted in 2011, which preceded changes by many online lenders in response to industry guidance from the FTC.
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I would certainly contact the legal aid organization in your area to see if they can help. They would probably advise you that you are what is personal loans for uber drivers called judgment proof, but the more proper term is collection proof. A creditor (including the payday loan companies) could sue you and get a judgment against you, but probably couldn't collect anything on it, so filing bankruptcy would not be necessary at this time.
Good luck. Hello, I filed my bankruptcy in Feb 2015 it was discharged in July 2015 I had 3 payday loans that quick cash advance usa included in my bankruptcy but when i called the loan company just to make sure that they were taken care of they said that i still owe a balance filing bankruptcy does not wipe out the debt.
what should i do. Sylvia, payday loan companies are known to lie when trying to collect on an account. If what you said is correct, those payday loans were discharged (eliminated).