{"id":546,"date":"2013-04-11T16:14:08","date_gmt":"2013-04-11T16:14:08","guid":{"rendered":"https:\/\/mn-bankruptcy.com\/blog\/?p=546"},"modified":"2025-08-11T19:10:13","modified_gmt":"2025-08-11T19:10:13","slug":"payday-loans-no-no-no-no-no","status":"publish","type":"post","link":"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/","title":{"rendered":"Payday Loans &#8211; NO NO NO NO NO"},"content":{"rendered":"<p>I see on my <a title=\"Kelly Law Office Google Plus Page\" href=\"https:\/\/plus.google.com\/u\/0\/114610815390574579760\/posts\">Google Plus page<\/a> that an outfit called &#8220;Get Payday Loans&#8221; has added me to their circles &#8211; or something. \u00a0Usually I would add them back, but I just can&#8217;t do it. \u00a0From where I sit payday loans are about the most evil thing on the planet. \u00a0They are very addictive. \u00a0Once a person gets started, they are drawn into debt and will have the devil of a time getting out.<\/p>\n<p>I have never done a study or looked at any statistics on this subject. \u00a0However, I have dealt with these in numerous bankruptcy cases, so I have some opinions based on what I \u00a0myself have seen &#8211; at least what it looks like to me. \u00a0For one thing, it looks to me as if the rates they charge are very high. \u00a0Another thing I seem to be seeing is that some of the banks seem to like these things &#8211; I suspect because they charge a fee to set them up on a customer&#8217;s checking account so that when the pay check is deposited, the money automatically disappears to the lender.<\/p>\n<p>I believe that anything which is automatic &#8211; happening painlessly behind the scenes without drawing full attention to itself &#8211; makes it easier to get deeply in debt.<\/p>\n<p>So no, I&#8217;m not adding &#8220;Get Payday Loans&#8221; back.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I see on my Google Plus page that an outfit called &#8220;Get Payday Loans&#8221; has added me to their circles &#8211; or something. \u00a0Usually I would add them back, but I just can&#8217;t do it. \u00a0From where I sit payday loans are about the most evil thing on the planet. \u00a0They are very addictive. \u00a0Once &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Payday Loans &#8211; NO NO NO NO NO&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-546","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Payday Loans - NO NO NO NO NO - Better Call Dave - Bankrupt MN Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payday Loans - NO NO NO NO NO - Better Call Dave - Bankrupt MN Blog\" \/>\n<meta property=\"og:description\" content=\"I see on my Google Plus page that an outfit called &#8220;Get Payday Loans&#8221; has added me to their circles &#8211; or something. \u00a0Usually I would add them back, but I just can&#8217;t do it. \u00a0From where I sit payday loans are about the most evil thing on the planet. \u00a0They are very addictive. \u00a0Once &hellip; Continue reading &quot;Payday Loans &#8211; NO NO NO NO NO&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/\" \/>\n<meta property=\"og:site_name\" content=\"Better Call Dave - Bankrupt MN Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/davidkelllylawoffice\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-11T16:14:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-11T19:10:13+00:00\" \/>\n<meta name=\"author\" content=\"DaveKelly\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DaveKelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/\"},\"author\":{\"name\":\"DaveKelly\",\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/#\/schema\/person\/a385963a920f92e1cf406fa921c98453\"},\"headline\":\"Payday Loans &#8211; 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Sometimes that seems like a long time, and other days I feel as if I just started. These days my practice is devoted entirely to counseling folks concerning their financial problems and representing them in Chapter 7 and Chapter 13 bankruptcy. One thing I don't do is credit repair. When asked about matters concerning credit scores, I like to say \\\"I'm a very good source of unreliable information about that.\\\" What I mean is that I hear a lot about it from my clients who often report back to me how they are doing after their bankruptcy is completed, sometimes even years later; but having heard some stories from a few people doesn't qualify me to give any advice. I spend a lot of time with my clients. I want to be sure we get it right. There are civil and criminal penalties for concealing or providing incorrect information in a bankruptcy care, and my goal is to keep myself and my clients as far away from problems like that as possible. You can find me in MInnetonka near I-394 and Hopkins crossroad. It's ten or fifteen minutes from downtown Minneapolis. You can see parts of Plymouth, Minnesota, Golden Valley, Minnesota and St. Louis Park, Minnesota from the high ground in front of my building. If you take a look at the map, you can see that most of St. Louis Park is closer to my office than many parts of Minnetonka.\",\"sameAs\":[\"http:\/\/www.mn-bankruptcy.com\"],\"url\":\"https:\/\/mn-bankruptcy.com\/blog\/author\/davekelly\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Payday Loans - NO NO NO NO NO - Better Call Dave - Bankrupt MN Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mn-bankruptcy.com\/blog\/payday-loans-no-no-no-no-no\/","og_locale":"en_US","og_type":"article","og_title":"Payday Loans - NO NO NO NO NO - Better Call Dave - Bankrupt MN Blog","og_description":"I see on my Google Plus page that an outfit called &#8220;Get Payday Loans&#8221; has added me to their circles &#8211; or something. \u00a0Usually I would add them back, but I just can&#8217;t do it. \u00a0From where I sit payday loans are about the most evil thing on the planet. \u00a0They are very addictive. \u00a0Once &hellip; 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Sometimes that seems like a long time, and other days I feel as if I just started. These days my practice is devoted entirely to counseling folks concerning their financial problems and representing them in Chapter 7 and Chapter 13 bankruptcy. One thing I don't do is credit repair. When asked about matters concerning credit scores, I like to say \"I'm a very good source of unreliable information about that.\" What I mean is that I hear a lot about it from my clients who often report back to me how they are doing after their bankruptcy is completed, sometimes even years later; but having heard some stories from a few people doesn't qualify me to give any advice. I spend a lot of time with my clients. I want to be sure we get it right. There are civil and criminal penalties for concealing or providing incorrect information in a bankruptcy care, and my goal is to keep myself and my clients as far away from problems like that as possible. You can find me in MInnetonka near I-394 and Hopkins crossroad. It's ten or fifteen minutes from downtown Minneapolis. You can see parts of Plymouth, Minnesota, Golden Valley, Minnesota and St. Louis Park, Minnesota from the high ground in front of my building. 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