I am in a financial mess thanks to bad choices which I then tried to fix with a payday and internet loans.
I don’t want to file bankruptcy but I’m beginning to feel like that is my only way out of this mess. In addition to credit cards, I have several payday/Internet loans. My concern is that at least one of which is with Tribal Indian group (Plain Green Loans) can’t be included in bankruptcy. My question is can they be included?
Also since I really do not want to file bankruptcy, is it possible to negotiate settlements with these type of companies?
There would be nothing to prevent you from including those loans in your bankruptcy. An issue might be the loan company saying federal law doesn’t apply to them and they can make whatever loans they want from the reservation.
I don’t think that issue of tribal law versus state law has been decided.
But it seems the tribal Indian personal loan lenders can’t have it both ways. They can’t be exempt from federal laws and use federal laws to enforce your debt.
It sounds like you’ve attempted to make ends meet with credit and then finally turning to easy to get internet and payday loans.
Bankruptcy provides you the power and protection of the law to give you a fresh start and a chance to do better moving forward.
You can either stay stuck in your current downward spiral or you can learn from the situation, identify what not to do again in the future, and move ahead to a better future.
It’s clear you don’t want to file bankruptcy but you need to separate the hesitation if it is based on your perception of bankruptcy versus the reality.
Following bankruptcy, you will be able to rebuild your credit, start an emergency savings account, and even begin saving towards retirement. So which approach makes more logical sense: continue the path you are on or learn from what you’ve lived through and do better moving forward.
Ultimately you can’t repair the past but you can do better in the future.
Tribal Indian loans can be included in bankruptcy.
And if you want to negotiate settlements, that’s always possible. But you can file bankruptcy, get the power and protection of the law on your side, and repay your creditors afterward what you can afford to.