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If you gave the payday lender a post-dated check in exchange for the last advance prior to filing bankruptcy, the creditor may try to cash the check after you credit cash loan euro bankruptcy. If the payday lender cashes your post-dated check when it knows you are in bankruptcy, it may be violating the automatic stay.
If this happens, the court may require that the lender return the funds to your bankruptcy trustee. (To find out more about the automatic stay and what happens if a creditor violates it, see our Bankruptcy's Automatic Stay topic area.
) In addition, the payday lender may accuse credit cash loan euro of writing a bad check and threaten to press criminal charges. If a payday lender does this to you, it may be in violation of various state and federal fair debt collection rules and other consumer laws.
This is in addition to violating the automatic stay. (To learn more see, visit our Illegal Debt Collection topic area. ) Some states even prohibit or restrict payday lenders from engaging in the practice of demanding post-dated checks.
A large number of US citizens draw attention to lending proposals from so-called microfinance organizations. Today it is safe to cooperate with such credit cash loan euro, as the state monitors their activities. Especially the interest of Russian citizens they began to attract, after banks began to establish a minimum credit line, and this border was high enough.
To date microloans occupy almost the leading positions in the sphere of lending. Some financial institutions have the opportunity to expand their loan portfolio by more than 100, and this is only over the past eighteen months.
The concept of "microcrediting" appeared in South Asia in 1974. The founder of this concept was Professor of Economics Mohammed Yunus. Frequently Asked Questions.