Our Cash Call Payday Loans Are Sending Us Back to Bankruptcy. – SEL

“Dear Steve,

We have been out of bankruptcy for 1.5 years I feel like I am heading back there and don’t know what to do.. Please give me some advice

My husband and I both have loans with Western Sky which were in turn sold to Cash Call.. We pay 600.00 a month for both loans.. Unfortunately he has taken a pay cut and his overtime has been cut. That being said I can’t afford these payments anymore. However I am afraid it will ruin my credit.. Do you suggest onle of these companies that can combine all our payday loans (4) + the cash call loans into one?


Dear SEL,

For whatever reason you found a need to go out and get high rate payday loans after your bankruptcy. Don’t do that again, please.

Following bankruptcy the goal should be to get back into the credit game as quickly as possible, not to go into debt but to rebuild your credit score so you don’t have to turn to high rate payday lenders.

It is possible to get an unsecured debt consolidation loan but I’d be willing to bet your credit score isn’t that great. If I’m wrong, great.

For debt consolidation loans look at LendingClub.com. To rebuild your credit quickly, read How to Easily Rebuild and Repair Your Credit After Bankruptcy, Foreclosure, or Repossession.

Please post your responses and follow-up messages to me on this in the comments section below.


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.

Damon Day - Pro Debt Coach

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