Can i take out 2 personal loans

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Can i take out 2 personal loans

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Can i take out 2 personal loans

For the most part, payday loans arent treated any differently in bankruptcy than any other unsecured loan. The fact is that a post-dated check basically takes the place of a promissory note. Many of my clients, however, worry that they will be arrested for passing a bad check, and many payday lenders encourage that belief.

But writing a post-dated check to a payday lender is different from passing a bad check at the grocery store. When you go pay for goods or services with a check, you are representing that there are funds in the bank to pay the check. When you go to a payday lender, there is no such representation. In fact, the opposite is can i take out 2 personal loans. If you had money in the bank, youd go to the bank and cash a check. The only reason you are borrowing from the payday lender is that you dont have money in the bank.

Can i take out 2 personal loans