What Are My Options if I Can’t Pay Back My Payday Loan? 3 minute read • Upsolve is a nonprofit tool that helps you file bankruptcy for free. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we’ll never ask you for a credit card. Explore our free tool In some cases, bankruptcy can help borrowers who have payday loans they can’t repay. Filing for Chapter 7 bankruptcy triggers an automatic stay, which prevents the payday loan company from trying to collect the debt. If the debt is later discharged, you are no longer obligated to pay it back. Sometimes waiting for the next paycheck is not realistic when you have bills you need to pay today. Payday loans are a quick and easy way for many people to get money when they need it fast. But there are downsides. Payday loans can cause financial hardships in the long run. How Does Bankruptcy Affect My Payday Loan? Filing Chapter 7 bankruptcy can wipe out unsecured loans and provide debt relief for borrowers who are struggling financially. […]

Cash Out Refinancing in New York State Homeowners consider refinancing their home mortgages for a variety of reasons. Sometimes they’re looking to take advantage of a more competitive interest rate or an improvement in their credit score. Other times, they’re looking to capitalize on the equity they’ve earned to help with financing other investments and expenses. Whatever the reason, refinancing your New York home can be a terrific way to restructure your debt and your finances in a more advantageous way. When it comes to refinancing a mortgage, there are various options to consider. One popular option is cash out refinancing. Covering Vacation Expenses Having some extra cash on hand can provide you with the opportunity to finance things you otherwise might not be able to afford, like a vacation. Keep in mind, however, that you’ll need to be very fiscally responsible if you choose to use the money from your cash-out refinance for this reason, as you won’t be earning money back on your investment. […]