I took out 2 pay day loans last year. One with Quick Cash, and one with Advance America. My loan with quick cash was for $500 I re-paid $350 and tried to make arrangements for the remaining balance which was over $400, and they refused to work with me so I closed the account and never answered their calls. With Advance America I lost my job 2 wks after receiving the loan therefore it was never paid. I got a call today from a collection agency saying that they were going to file a judgment against me for malicious intent. I am really considering filing for bankruptcy for discharge these debts, but I don't know if that is the right decision either. I am a single mother making $12.00/hr. Is there anyway I can resolve this matter without filing for bankruptcy? I live in Maryland.
File a judgment against me for malicious intent
Welcome to the forums!!!
Payday lending is prohibited in Maryland. That means all lenders in this state are illegal. You owe them nothing more than the principal balance. No interest, no fees. Don’t worry, illegal lenders can’t do anything. File a complaint against the collection agency to the SAG or FTC. Just pay back $150 to Quick Cash and $400 to Advance America and get out of this vicious cycle.