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payday loans
I used to use payday loans because an ex got me in debt. I have 600 dollars worth of court fines that need to be paid by the end of jan. Instead of waitin last minute til tax time and possibly get in trouble for not paying them would it be an ok idea to use payday loans to pay off the fines then with tax money pay the payday loans off?
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Pay those court fines first. I assure you, failure
to do so, or at least first negotiate a financial
term of agreement with the judge at your next
hearing date, can result in jail time.
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I worked in a Cash Store for awhile, an as an ex-employee I'll give you the same advice I'd give my friends or family members. Avoid them at all costs! They charge an outrageously high interest amount and they are intended for very short term loans. Hence the title payday loan. So considering today's date they would make you pay the interest off several times just to continue holding your check. And while I can't speak for all payday loan entities, most only allow you to pay the interest without paying on the balance a maximum of three times. When it is all said and done you could very possibly have paid over a thousand dollars for your 600 dollar loan. Usually when you are fined in court the judge asks if you need to set up a payment plan. If you have not been to court yet, ask the judge while your there if you can set up a repayment plan because you can not afford the 600.00 right now. If you have already been there and the option was not offered contact the office, or county clerk where you must go to pay the fine and ask them if you can set up a payment plan. I can not see a judge ordering you to pay a fine in whole that you are unable to pay. Since you have until the end of January to pay the fine you should be able to make payments up until then. That way you won't owe as much when your time is up. If all else fails borrow from friends or family, or sell something you own that has value. Anythings better than paying a grand or more for a 600 dollar payday loan. If you want to handle this on your own, making payments is really your best bet. Good luck to you.
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Not a good idea. There's too many things that could go wrong. Either way you wind up in debt or without money in the end. You don't want to further wreck your credit or deal creditors or people at these agencies who act like loan sharks or close to.
Tell a family member that you are in over your head because your ex ruined your credit. Tell them that you will go to jail if you don't pay $600.00 by the end of January. Better to owe family than them.
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