Houston, Austin, San Antonio & Dallas Payday Loans Lawyer
Debt defense attorney John Mastriani can help you get rid of your payday loans and put an end to the harassment of them calling you every day. Payday loans are thought of by a lot of people as an insidious practice that is designed to take advantage of individuals who are least able to protect themselves from this financial exploitation. A payday loan is a small (usually under $500), high-interest, short-term loan. It’s also one of the worst possible ways to borrow money!
We understand that someone who takes out a payday loan is often times put in a financial bind and is in so much need for cash that they do so without exercising usual precautions that help them avoid debt traps that are typically unfair. Oftentimes individuals just need a short term loan until they receive their next paycheck but are unaware that there are many costs in a payday loan. Payday loan companies charge incredible fees and interest rates, and exploit individuals who are enduring hard money related times.
Why Payday Loans Are So Dangerous?
The term of the loan – in most cases there typically isn’t enough time to make or save the amount of money that you need to repay the loan. Many of our clients find it very hard to pay back these loans in full.
It leads to more borrowing – if you are not able to back the loan in full by the end of the term, it has to be renewed, extended, and in many cases more money has to be borrowed to cover the first loan. Fees are usually charged for every transaction. Often times you are borrowing from Peter to pay Paul and it leaves you with an endless cycle of debt.
High interest rates – payday loans interest rates are very high (500% or more). They aren’t called interest rates but rather fees.
Get A Fresh Start After Falling Into Debt Through Payday Loans
If you are struggling with uncontrollable debts from payday loans in Texas, debt defense attorney John Mastriani can help you get rid of them for good. We have dealt with every major (and minor) payday loan company in the region for years, and have successfully gotten rid of hundreds of thousands in payday loan debt. Our staff can put you back on the road to financial health, and get you the fresh start / clean slate that you deserve. If you are considering going through a bankruptcy in Texas, please contact us today. You have other options and need to be informed.
Let us help you break free from debt. Call 888-392-8121 day or night to schedule a free consultation with Houston debt attorney John Mastriani. You may also contact us by email. We serve clients throughout the state of Texas.