Pay day loan businesses provide a short-term loan of some hundred bucks which will be repaid regarding the debtor’s next payday. To search for the loan the debtor frequently writes a post-dated check to your loan provider. Often the pay day loan loan provider will need a declaration that the debtor just isn’t considering bankruptcy, and, often, that the debtor will likely not register bankruptcy as time goes by.
Guarantees not to register bankruptcy are not contract that is enforceable and they are considered void against general public policy.