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I live in mo and have 5 payday loans that are eating me alive, i am afraid if i close my bank account they will call my work and i will get fired.
ameriloan 500 have not made a payment
cash net 500 have made 1 payment of 143
big sky 300 weekly 45 have made 2 payments
Zest Cash 500 have made 5 payments of 75
check n go 1250 have made 2 payments of 202
The payments are killing me i am really considering bankruptcy. I take out a loan to pay of a loan and it has all just snowballed to i am in tears, i love my job i work from home and my company is in another state i am so worried they will call if i close my account.
Call my work and will get fired.
Welcome to the forums!!!
Ameriloan and Big Sky are illegal lenders. Cash Net USA and Check n go are licensed lenders. You owe only the principal balance to your illegal lenders. As far as the legal loans are concerned, you owe them both the principal and interest. In this case it would be better for you to negotiate with your lenders and try to set up a payment arrangement with them. I don’t think filing bankruptcy is a good option.