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Posted: Tue Nov 18, 2008 1:57 pm Subject: Tremont Financial Threat

I have been contacted by reps at Tremont in regards to a pdl that I had in the amount of $400.00 in June 2006. They have contacted my employer asking them to garnish my wages. My employer said they needed a court order before they garnish checks. Tremont says they will sue me. What are my rights at this point?

Posted: Tue Nov 18, 2008 2:03 pm Subject: reply

from 2006 huh?i doubt they will sue.who was the pdl?how how much was borrowed and how much paid back total?what state are you in?again i doubt they will sue on a payday loan.did this bottomfeeder send you anything in the mail?if not i wouldn't worry about that.just be prepared for alot of calls threatening stupidly.

In Debt in Florida · Posted: Tue Nov 18, 2008 2:06 pm Subject:

It aws Tremont Financial and they sent a certified letter to my employer. It was for $400.00 and I paid on it for a couple of months but they are not giving credit. They say I owe $646.00 now because of fees. I am in Florida.

Posted: Tue Nov 18, 2008 2:16 pm Subject: reply

i doubt they are legal in your state.a pdl must be licensed in your state to lend.therefore the two payments go toward the loan.i would send a DV letter and a C&D letter stating not to call your place of employment.send the letters certified mail return receipt.how much was each payment?

Posted: Tue Nov 18, 2008 4:40 pm Subject:

Be careful with Tremont. What they do is sue you in South Dakota and then send the judgment to your employer. They don't bother with the little detail of domesticating the judgment in your state . . . that's something legitimate businesses would do.

Anyway, this is a problem for two reasons:

1) A lot of employers don't know they aren't supposed to honor an out-of-state judgement without a local court order enforcing it . . . and they aren't going to spend they're own money on lawyers to find out. So they end up sending the money and you only find out when your paycheck gets garnished.

2) A judgment is a judgment is a judgment as far as your credit report is concerned.

Best bet is to beat them to the punch and sue them in your own home court for violating state pdl laws. Even a simple small claims court action if enough other people do it too.

Posted: Tue Nov 18, 2008 4:59 pm Subject:

That's great info Freaky!!

Also FL is very good at protecting their consumers. You need to get in contact with your AG right away. And also Frogpatch has a very good lawyer in FL that has helped him out a great deal.