Filing Bankruptcy Is Always The Last Resort

But It's only one of the tools in our tool box

request consultation
request consultation

Request case consultation

Request Free Consultation

We are available on weekends and after hours upon request. We do what is best for the client, not the firm.
  • This field is for validation purposes and should be left unchanged.
Four Reasons To Choose Us
01

a True Full Service Bankruptcy Law Firm

One of the few true full service bankruptcy firms in Los Angeles specializing in all chapters of the Bankruptcy Code and out of bankruptcy solutions.

02

OUR LAWYERS HAVE BIG FIRM TRAINING

Our lawyers have big firm training and expertise offered to clients in a cost effective, boutique firm environment.

03

we offer cost effective expertise

Flexible fee arrangements enable small and mid sized businesses to obtain the type of relief usually reserved only for large companies.

04

SUCCESSFULLY handled OVER 1,000 CASES

We are dedicated to our client’s success and tailor custom solutions for each case.

Los Angeles Payday Loan Attorneys

Payday Loans can Devastate Consumers

While payday loans may offer short-term solutions to debt problems, they can lead to devastation and overwhelming debt for people who may already be struggling. Payday loan companies often profit off of other people’s financial misery. If you have taken out payday loans, you were probably in a desperate financial situation, needing quick cash from any resource. Unfortunately, the excessive fees associated with payday loans only make the financial crisis worse for most people. You may now find yourself in more debt. Rather than solving your problems, a payday loan has contributed to them. We have seen many cases in which consumers return again and again to the payday loan “solution” until the fees, interest and penalties for late payments become financially disastrous.

There are alternatives to this scenario.

You may feel trapped and believe no one can help you with your current financial situation. Weintraub & Selth, APC, is a Los Angeles law firm focused exclusively on real debt relief. We offer comprehensive debt relief options including, but not limited to

  • Bankruptcy
  • Debt consolidation
  • Debt negotiation and settlement
  • Foreclosure defense
  • Civil litigation related to collections

We represent people from throughout Los Angeles with payday loan debt. If you need licensed, insured, experienced and dedicated attorneys on your side, contact us online or, locally, call 310-584-7702 or, toll free, 866-572-2423.

Solutions to Payday Loan Debt

Bankruptcy is one solution for payday loan debt. Payday loans are unsecured debt. There is no collateral that can be seized by the lender. Because of this, they are typically discharged under Chapter 7, Chapter 11 or Chapter 13 bankruptcy. Chapter 11 and Chapter 13 are often used to help people save their assets and catch up on certain past-due debts. Chapter 7 involves liquidating some assets and paying creditors an agreed amount that is typically lower than the total amount owed.

Auto loans and home loans have collateral that a lender may try to repossess. With unsecured debt, however, there is no tangible collateral to secure the money you owe. Therefore, there is nothing for the lender to repossess. In most cases, unsecured debt is discharged in bankruptcy.

Payday loans and other short-term loans with high fees often lead to devastating consequences. The state of California aggressively regulates these businesses and punishes them for misconduct but there are still many unethical companies that prey on financially desperate people. Often, the people who rely on payday loans do not have the money to repay the loan by their next payday. When this happens, the loan renews itself with additional fees and penalties. It only takes a few weeks for the debt to become unmanageable. Avoid this trap or, if you are already in it, there is hope. Call the attorneys at Weintraub & Selth for real debt relief.