Latest Posts
Home > Ask The Get Out of Debt Experts > My Debt Settlement Company Told Me I Could Not File Bankruptcy With Payday Loans. – Stephanie

My Debt Settlement Company Told Me I Could Not File Bankruptcy With Payday Loans. – Stephanie

“Dear Steve,

With a debt settlement company. I have six items with them. One was just settled. Four of the five left are under $2500. Then one for over $5000.

I was told that you could not file bankruptcy if you had payday loans, is this true?

Stephanie”

Dear Stephanie,

That is not true. You can most certainly include payday loans in a bankruptcy.

To investigate this further, click here to find a local bankruptcy attorney to discuss your specific situation.

I just hope it wasn’t the debt settlement salesperson that told you that. If they did, they may simply have lied to you to get your business.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.