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Payday Loans and Moneytree Loans

Bankruptcy wipes out 100% of your Payday loans. Our Olympia bankruptcy lawyers are here to help!

Bankruptcy wipes out 100% of your Payday loans, Moneytree loans, and can eliminate high interest Checkmate loans. Our Olympia bankruptcy lawyers serving all of Thurston County, WA can help.

Find out how you can wipe out your Payday loans – call for a free consultation.

Filing for bankruptcy can bring the immediate financial relief you need. If you’re drowning in a sea of debt and struggling with your Payday loans, our experienced Olympia bankruptcy lawyers are here to help. Connect with our team for a free initial consultation today.

(360) 350-4830

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Our Olympia bankruptcy attorneys can help you eliminate high interest “Payday” loans from companies like Moneytree or Checkmate.

If you had an emergency financial situation arise, you may have taken out a payday loan from a company like Moneytree or Checkmate to address the issue. What you may not have realized is that payday loans are nothing more than a trap. Every year, countless Washington residents are deceived by payday loans and end up in so much debt that there is no hope of recovery.

Most payday loans are 100% dischargeable in bankruptcy, so long as there is no credible allegation of fraudulent intent. There are 18 states in the U.S. that prohibit payday loans because they realize that they are predatory. The reason they’re so dangerous is because they almost always come with ridiculously high interest rates and unreasonable fees. Failure to pay the loan off by the deadline could incur unmanageable debt.

Payday loan companies like Moneytree and Checkmate prey on those who are already financially struggling and vulnerable by charging astronomical interest rates. Most people consider credit card interest to be quite high because the rates usually run between 10% and 30%. The annual percentage on some payday loans in Washington State can run as high as 500%. If this seems outrageous, that’s because it is.

One medical emergency or budgeting error could motivate you to seek out a payday loan. If you simply can’t afford to pay it back, your overall debt could skyrocket. Payday loan companies such as Moneytree and Checkmate are notorious for telling debtors that filing for bankruptcy will not discharge their debt. This is a lie. Even if you signed a contract stating the loan is unaffected by bankruptcy, the document cannot be enforced in court.

If you’re stretched to your financial limits, a payday loan may seem like your only option to keep up with bills for one more month. However, you have to ask yourself why a company would be willing to lend you money while you’re dealing with money problems. Don’t become a victim of these unscrupulous business tactics.

For most of our Olympia bankruptcy clients, filing for bankruptcy wipes out 100% of all “Payday” loans because they are unsecured debts that are fully dischargeable under the bankruptcy code. Contact one of our Olympia Payday loan bankruptcy attorneys today for a free consultation and find out how you can eliminate debt incurred from a payday loan. Our Thurston County debt relief and payday loan lawyers not only serve Olympia, but all surrounding cities as well. These include but are not limited to the cities of Lacey, Tumwater, Yelm, Rainier, and Rochester, WA.

Free yourself from the Payday loan cycle of debt with help from our Olympia bankruptcy lawyers.

Absurdly high interest rates are why so many people get trapped in a permanent debt cycle because of payday loans. Once you owe them money, these companies will relentlessly harass you in an effort to get their money. However, the second you file for bankruptcy, they are no longer allowed to contact you in any way. All other debt collection also stops including credit card debt, medical bills, wage garnishments, repossessions, and home foreclosure.

Let’s face it, if you were so desperate for cash that a payday loan through a company like Moneytree or Checkmate was your only option, you probably should have considered bankruptcy well before you reached that point. Most people are honest and want to pay back their bills, so they do whatever they can to keep making payments, even when they’re stretched to the limit. Declaring bankruptcy, however, is not an admission of failure, nor is it a way to shirk responsibility. It is often the best way to get a fresh start financially, and what is more responsible than that?

Olympia, Washington, Payday or Moneytree loans, and you.

As great as Washington is, you have to wonder why the state hasn’t outlawed payday loans. If you do a Google search for Washington payday loan companies, you will get more than 300,000 results. Obviously, payday loans are big business in our state, but they have the potential to destroy lives. The cost of living in Olympia, Washington is actually much higher than many residents believe. This means that any resident can experience money problems at any time. This is likely why so many people seek out fast cash from payday loan companies.

If you decide to eliminate payday loan debt via bankruptcy, your lawyer will petition the U.S. Bankruptcy Court on your behalf. If you’re curious about the statutes and general guidelines that govern bankruptcy here in Washington State, do some basic research by reviewing this extremely helpful and information website. You should also contact one of our Olympia bankruptcy lawyers and find out if you qualify for either Chapter 7 or Chapter 13.

Payday loan companies may threaten you with fraud, but this is nothing more than an idle threat.

Payday loan companies often require customers to secure their loan with a postdated check. If you can’t afford to pay them back and they think you’re going to declare bankruptcy, they may tell you that doing so could lead to prosecution for check fraud. This is a lie and they know it.

Writing a bad check is fraud. However, a postdated check is essentially an agreement to pay back the loan at a later date. This is no different than credit card debt because the postdated check is proof of your intention to pay it back.

Always remember: Never trust a bill collector or loan officer to provide you with accurate legal counsel. They don’t care about your financial problems because all they want is your money.

Put your trust in our Thurston County, WA bankruptcy lawyers.

We offer a free consultation, so you can find out whether eliminating payday loan debt is possible without any risk or financial obligation. If you’re still using the checking account from which you secured your payday loan, we urge you to close it immediately and open a new account. Contact us today for more essential bankruptcy information.

(360) 350-4830

Olympia Bankruptcy Attorney, Erin M. Lane

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Drowning in Payday loans from a short-term loan company like Moneytree or Checkmate? Get relief Now! Our Olympia bankruptcy lawyers serve all of Thurston County, WA.
Olympia Bankruptcy Lawyers - Washington Law Group PLLC

(360) 350-4830
Olympia Bankruptcy Lawyers
1801 West Bay Dr NW #207B
Olympia, WA 98502

Olympia bankruptcy attorneys serving all of Thurston County, Washington and surrounding areas. These cities include, but are not limited to Olympia, Lacey, Rainier, Tenino, Tumwater, and Yelm.

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