See if you can find a cheaper apartment, give up your car, or slash your grocery bill. Making cuts like this is painful, but tightening your belt now is better than getting stuck in debt for months post bankruptcy personal loans years at a time. Use Emergency Assistance. Sometimes, you trim all the fat you can find from your budget and you still cant manage to make ends meet. When that happens, theres no shame in asking for help. Many churches and community organizations can provide short-term assistance with rent, food, utility bills, and other emergency needs.
Some of them also offer small loans at very low interest. In addition, there are government programs that offer help with the following: Housing. According to the Center on Budget and Policy Priorities, more than five million American households receive some sort of federal housing assistance.
Jail time. No - but threats are common. Failure to repay a loan is not a criminal offense. In fact, its illegal for a lender to threaten a borrower with arrest or jail. Nonetheless, some payday lenders have succeeded in using bad-check laws to file criminal complaints against borrowers, with judges erroneously rubber-stamping the complaints.
The Consumer Financial Protection Bureau advises anyone threatened with arrest for nonpayment to contact his or her state attorney generals office. You should post bankruptcy personal loans ignore a court order to appear in court, even if the criminal complaint was filed mistakenly.
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