If you claim bankrupucty and you owe a pay day loan in Illinois does this take the loan off of your credit?
2007-06-13 12:19:57 · 5 answers · asked by bmli111 3 in Business & Finance ➔ Personal Finance
Bankruptcy never takes anything off your credit. The loan would be discharged (you no longer have to pay), but the existence of the loan and the fact it was discharged in a bankruptcy would still appear on your report.
2007-06-13 13:08:52 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
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RE If you claim bankruptcy ?
If you claim bankrupucty and you owe a pay day loan in Illinois does this take the loan off of your credit?
2014-10-05 04:42:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Did you claim the pay day loan in the bankruptcy? If you did not, then you still owe the loan. If it is included, then you should not owe on it. Remember, just because you filed bankruptcy, this will show up on your credit report for 10 years.
2007-06-13 20:22:55 · answer #3 · answered by blcnkd b 1 · 0⤊ 0⤋
umm I would just pay the pay day loan you owe the money and bankruptcy is not easy with the the new law now
2007-06-13 19:25:43 · answer #4 · answered by workit 3 · 0⤊ 0⤋
Discuss this with your bankruptcy attorney.
2007-06-13 19:32:00 · answer #5 · answered by Anonymous · 0⤊ 1⤋