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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?


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.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

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.

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