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Payday Loans FAQ

You can’t drive very far in Memphis without seeing a storefront advertising payday loans. The temptation to walk in with nothing in your pocket and walk out flush with cash can be difficult to turn down. In some ways, it makes a lot of sense — isn’t it better to have money to pay your bills than to let them go unpaid?

Of course, there’s more to it than that. Payday loans can very quickly make your situation worse, not better. Here are some important things to keep in mind regarding these risky financial instruments.

Don’t take on your creditors alone!

Call or email the Counce Law Firm at 901-201-6012.
Free confidential consultation with a lawyer, not a paralegal.
We take the time to understand your needs and answer all of your questions. While we want to solve your problem quickly, it’s important that you are comfortable with the process, and understand how it will impact you. These thoughtful conversations enable us to ensure the best possible outcomes.

3333 Poplar Ave. – just West of Poplar & Highland – Free Parking

Isn’t It Better To Put Off Bankruptcy However I Can?

For many people, a payday loan will merely delay a bankruptcy filing rather than prevent it. The astronomical interest rates tied to these loans mean that even if you are able to pay them back, you’ll pay so much in interest charges that it’s going to dig your financial hole even deeper.

What If I Can’t Pay Off The Loan?

Things can get worse in a hurry if you can’t repay the loan. You could see what’s left of your assets taken — including your vehicle. Then you might not be able to drive to your job, which can make the hole you’ve dug even deeper.

Contact Us Today

Do you need answers to your questions about debt relief? Call now to learn about what options are available to you in your particular financial situation. Contact our law firm today online or call 901-201-6012 to schedule a FREE CONFIDENTIAL CONSULTATION.

Unlike many firms you will always discuss your financial situation with an attorney, not a paralegal or assistant.

We are a Title 11 Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This ad does not create an attorney-client relationship until a written agreement is signed.