Top Rated local debt relief attorney listings, debt relief lawyer and law firm reviews, and more legal information on Lawyers.com What Is a Payday Loan? A payday loan, or cash-advance loan , is a loan that is generally repaid directly from the borrower’s next upcoming paycheck.These are usually loans in smaller amounts, but are often associated with higher interest rates due to the short repayment term. Avoid payday loans if you can. Payday loans can turn a short-term need for emergency cash into a long-term, unaffordable cycle of high-interest loans that you cannot repay. It is hard to both repay a payday loan and keep up with normal living expenses, so payday loans often force borrowers to take out another high-interest loan, over and over again. Thus, payday loans often lead to repeat. Compare the best Consumer Fraud lawyers near Madison, WI today. Use our free directory to instantly connect with verified Consumer Fraud attorneys. Learn what happens to payday loans in bankruptcy, and some special issues regarding these cash advances. In most cases, you can discharge a payday loan in Chapter 7 bankruptcy. Florida Restrictions on Payday Loan Lenders. Florida law limits the interest and terms of payday loans, and requires payday loan lenders to comply with other rules that protect consumers. By Patricia Dzikowski, Attorney. While payday lending is legal in Florida, it is subject to strict limitations. If you have a problem with a Florida payday. Do I need a lawyer to fight a payday loan default. They are threatening me with a Class C Misdemeanor/ I defaulted on a payday loan, owing about $300 a few months ago. I am receiving numerous calls. Gamez Law Firm. San Diego Debt Relief Lawyer. Are you in need of debt help? Dan Gamez is a San Diego debt relief attorney who practices law throughout the state of California and nationwide. Peter Francis Geraci Law L.L.C - Bankruptcy Attorneys since 1977. Over 30 office locations near your home and work. Call 1.888.456.1953 TODAY for a FREE FIRST CONSULTATION! 100,000+ Clients Served. 15,000+ Reviews. Billions in debt managed every year. Peter Francis Geraci Law, Bankruptcy Attorneys in Chicago, Indianapolis, and Milwaukee. In response to many questions I have seen regarding this subject, and many calls I have taken, I felt it was appropriate to provide a guide to help spot potential payday loan collection scams. These tips should be used together, rather than individually, when weeding out illegitimate collectors.