All types of unsecured debts are forgiven when you file for bankruptcy.

can you file bankruptcy on payday loans

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Payday loans is a quick solution to get out of a current unavoidable debt crisis, but after a while they are difficult to bear with, more specifically because of their high interest rates. All types of unsecured debts are forgiven when you file for bankruptcy. Although you may get rid of your payday loans, it will severely affect your credit report and destroy your financial life for the next 7 to 10 years.

 

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