The week before payday is often the worst. You are out of cash, maxed out on your credit cards and you need just enough money to tide you over until your next paycheck comes. It can be a desperate feeling that often causes people to make desperate choices.Taking a...
Payday Loans
Are you thinking of a payday loan to get you through?
If you are having a tough time right now, you are not alone. At this time of year, many are realizing they overspent on their vacations, a medical or car repair bill has set them back, or they are a little short for what they need to get those back-to-school supplies...
Think twice before applying for a payday loan
If you have been following our blog, you are familiar with the pitfalls associated with borrowing money from payday lenders. On the surface, this option may seem a safe one because the loans are capped at $1500 with fees or 35 percent of monthly grossed income,...
Debt spiral of payday loans to be curtailed
Payday loans to be curtailed, NY Times
What are payday loans?
Living paycheck to paycheck means that an unexpected expense could make it difficult to pay rent, car payments or minimum credit card payments. And we all know that failing to pay these bills has serious consequences such as eviction, auto repossession and declined...
Five Questions to Ask Yourself BEFORE Filing For Bankruptcy
Bankruptcy is a right granted to you under federal law, giving you a chance to establish a fresh financial start. Bankruptcy is a good option when looking to stop bill collectors, start rebuilding your credit, and get rid of your debt without the risk of losing your...
Help when you need it or legalized loan sharking?
Read this article from today's Journal Sentinel to see how payday lenders get around the very laws designed to regulate them. https://www.millermillerlaw.com/Attorneys/James-L-Miller.shtml https://www.millermillerlaw.com/Practice-Areas/Chapter-7-Bankruptcy/
New WI Regulation on Payday Loans
The Wisconsin Senate has passed a plan regulating the payday loan industry in Wisconsin. Under this legislation, the payday loan companies may not loan more than $1,500 at a time to consumers and consumers may not rollover the loan more than one time. Surprisingly,...