Payday Loan Lawyers in Houston TX

Payday loans are short term loans that carry a very high interest rate.  Typically, the borrower intends to pay the loan back within a few weeks.  However, more often than not, this does not happen.  If the loans are not paid as scheduled, the loan will more than likely be renewed which leads to more fees and the debt begins to spiral out of control.

Unfortunately, payday loans lead to more financial difficulty.  It is not uncommon to see a borrower have more than one outstanding payday loan.  Once the deadline to pay the loan is missed, it becomes nearly impossible to catch up ultimately leading to another payday loan.

Payday loan lenders are very aggressive in their collection efforts.  Borrowers may find themselves in a highly stressful situation as these lenders will harass, threaten and file lawsuits.  In some cases, visits are made to the borrower’s home as the lenders make every effort to coerce payment.

Bankruptcy can eliminate most payday loans.

Melissa Lanier
800 Rockmead Dr., Suite 220
Kingwood, Texas  77339-1742
Phone: 281.359.0100
Fax: 281.359.3466
Email Melissa