By: Darrell Castle

In most cases, you CAN get rid of your payday loans through bankruptcy.

You’re being lied to if you’re told otherwise.

Payday loan providers will tell their customers that it’s illegal to include their loans in a bankruptcy. They tell the customers they can go to prison. They’re telling lies!


Don’t fall for these lies.

If you take out a payday loan and you aren’t able to pay it back, don’t be scared to file for bankruptcy.

If you owe money to a payday lender, then that debt is treated like any other unsecured debt – a debt not backed by collateral – in your bankruptcy. It can be included in a Chapter 7 for complete discharge without making payments on it. Or it can be lumped in with your other debts into a Chapter 13 in which you’ll make AFFORDABLE payments on it for a longer period of time.

Your payday loan lender may challenge your decision to file for bankruptcy, but these challenges are usually unsuccessful. The courts generally look down on payday loan lenders – as do I.

Contact an Attorney

If you’re struggling with debt and can’t pay back your payday loans, consider filing for bankruptcy. You can get rid of that debt and create a fresh start for yourself. Don’t let these creditors control you.

And as a side note, if you can avoid payday loans altogether, please do.

A pay day loan is an indication of something fundamentally wrong in your finances. If you borrow a payday loan of $300, then just remember you’re going to be $300 short on your next payday. You’re going to be $300 less likely to make ends meet that week. Again.

Instead of this quick but temporary fix, consider something more permanent. Rather than taking out a payday loan, you should consider filing for bankruptcy. With a bankruptcy, you can get rid of that debt holding you back and begin rebuilding your finances the right way.

And to help ensure this bankruptcy is a permanent fix to your financial problems, we give our clients free access to 7 Steps to a 720. This online program teaches you tips and tricks about how to rebuild your credit score to an A+ rating after a bankruptcy.


Call my office today and we’ll talk about your debt problems, look at your finances and discuss your options moving forward. Your consultation will be no charge and no obligation. You can reach us at (901) 327-2100, or you can fill out the form to the right to have someone from our office contact YOU.

Darrell Castle & Associates has received multiple Client Distinction Awards from Martindale-Hubbell for client satisfaction. You’re in good hands here.