Payday loan debt relief · Beverly Hills
Payday Loan Debt Relief in Beverly Hills to Stop Automatic Withdrawals
Payday loan debt relief in Beverly Hills through bankruptcy can stop payday and online lenders from pulling money from your account and can discharge the loans. If withdrawals are leaving you short every payday, call (310) 362-9071 for a free consultation in person or by video.
- Payday and online installment loans can usually be discharged
- Filing stops lender collection
- You can revoke automatic debit authorization
- Loans taken right before filing need care
Signs you are stuck in the payday cycle
- You take a new loan to pay off the last one
- Several lenders debit your account on payday
- Overdraft fees are stacking up
- An online lender with very high interest keeps calling your employer or family
How we handle payday loans, step by step
- List every lender. Storefront, online and app-based lenders all count.
- Stop the debits. You can revoke a lender's authorization to debit your account and tell your bank to stop payment. Some clients open a new account at a different bank.
- Check timing. Loans taken in the weeks before filing can be challenged, so we look at the dates.
- File the case. Lenders must stop collecting, including debits and calls.
- Discharge. Qualifying payday debts are discharged at the end of the case.
Cost and timeline
Our flat fees start at $1,200 plus the court filing fee, with payment plans. You get the exact fee in writing at the consultation.
Debits should stop once the bank and lenders have notice. In Chapter 7, payday debts are usually discharged about four months after filing.
Payday lending in California
California caps the size of storefront payday loans and the fees licensed lenders can charge. Many of the most expensive loans come from online lenders, some of which are not licensed in California. Loans from unlicensed lenders may raise separate legal issues we can review. Larger installment loans are also regulated by the state.
Your bankruptcy is filed in the Los Angeles Division of the U.S. Bankruptcy Court, Central District of California, at 255 East Temple Street. Each lender listed receives notice of the case.
Mistakes to avoid
- Taking new loans right before filing. The lender may object to discharging them.
- Leaving your paycheck in an account lenders can debit. Protect your income first.
- Writing post-dated checks. Avoid giving checks to lenders while you sort this out.
- Forgetting an app loan. Every lender must be listed.
Related services
Payday debt usually comes with credit card debt relief needs. If a lender has frozen your account, see how to stop a bank levy in Beverly Hills.
Payday loan questions
Can payday loans be discharged in bankruptcy?
Yes, payday loans can usually be discharged in bankruptcy, like other unsecured debts. Loans taken shortly before filing can be challenged by the lender, so timing matters.
How do I stop a payday lender from taking money from my account?
To stop a payday lender from taking money, revoke the debit authorization in writing and tell your bank to stop payment. Filing bankruptcy then bars the lender from collecting.
Can I go to jail for not paying a payday loan?
No, you cannot go to jail just for not paying a payday loan. It is a civil debt. A lender that threatens arrest may be breaking collection laws.
What if the online lender is not licensed in California?
If an online lender is not licensed in California, the loan may face legal problems under state law. We review the loan terms along with your bankruptcy options.
Free consultation
Stop the payday withdrawals
Call (310) 362-9071 or send the form. A list of your lenders and recent bank statements help.
Law Offices of John Asuncion9454 Wilshire Blvd., Penthouse Floor
Beverly Hills, CA 90212
(310) 362-9071
Monday to Friday, 9 a.m. to 6 p.m.