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Posted: Sat Nov 04, 2006 9:06 pm Subject:

Tammy,

I think that statment means that the way some PDL companies use them do not follow proper protocol and therefore, are void and unenforceable. For example, there may be a clause or short paragraph in the PDL contract that states they have the right to utilize wage assignment, but from my understanding, in order for it to be valid, the wage assignment must be a separate contract and must carry a physical signature by the consumer. Someone stop me if I am wrong.

Posted: Sat Nov 04, 2006 9:53 pm Subject:

You are right. It does have to be physically signed. I thought where it was prohibited that it meant they were illegal. These wage assignments are being used, and some employers actually accept them. IMHO, I think they should completely be done away with and not be used by anyone. Once again the pdl industry has cause an uproar with something that means nothing with a digital signature and a stamped scribbled name like Sonic uses.

Posted: Sun Nov 05, 2006 5:51 pm Subject:

Tammy,
I think it's worded funny...Basically, mandatory wage assignments are illegal, but voluntary ones aren't. So...It can't be forced, but if you agree to it it's ok.

Confusing, isn't it. I have been in my current job for 6 years, and these nasty things have only started popping up in the last year. Can you beleive I've never handled one for a PDL? My husband has my job in a different company, and he has seen a few for PDLS.

Oh I hate these things, don't get me going on them!!

Posted: Sun Nov 05, 2006 6:22 pm Subject:

Can someone tell me what my rights are with the pdls who are threating to do wage assignments and they are not licensed in my state. i had a few call and i have asked for something in writing and proof the company is licensed in my state and I have not heard anything from them at all.

Posted: Sun Nov 05, 2006 6:29 pm Subject:

You need to revoke your voluntary wage assignment which may have been in your contract. If you revoke this, they can not garnish your paycheck. Have you filed complaints with your AG? If not I would do this also. You should usps, fax, and e-mail your revokation of the voluntary wage assignment. Which companies are you dealing with?

Posted: Sun Nov 05, 2006 7:46 pm Subject:

The general rule is that voluntary wage assignments are permitted in credit agreements so long as they are revocable at any time. (Source 12 CFR § 227.13) However, individual state laws can bar their use in credit agreements, and some, such as Texas, have done so. Others, such as Utah and Ohio, have statutes that largely mirror the federal regulation (i.e., that they must be voluntary and revocable). As far as I can tell, only Illinois has affirmatively approved them as part of their payday loan legislation, but even there the federal rule would apply for loans made in interstate commerce.

Posted: Mon Nov 06, 2006 8:12 am Subject:

Thank you Steelers1. I will get the letter out. Could you tell me where I could find a copy of the letter so that I can get this out asap. Also, I will file a complaint with the AG's office here in RI.

Thank you for your help.

Posted: Mon Nov 06, 2006 6:02 pm Subject:

Thanks for the clarification on this. I understand a lot better from all of the recent posts.

Posted: Tue Nov 07, 2006 6:41 am Subject:

I need to find a good copy of a wage assignment revocation letter with all the proper terms in it. I live in RI so any help right now would be greatly apprecaited.

Thank you

Posted: Tue Nov 07, 2006 9:39 am Subject:

Go here http://www.debtconsolidationcare.com/forums/wageassign-legal.html

You will know the requirements to be followed in the wage assignment process and a sample letter to revoke it. Read the terms and conditions in the contract signed with the company. If it mentions about wage assignment, it is completely voluntary and you can revoke it by sending a letter to the company and a copy to your payroll department. Send the letters through certified mail so that you have the evidence and the company doesn't try to deduct money from your payroll.

Posted: Tue Nov 07, 2006 10:30 am Subject:

Has anyone heard of Westbury Ventures/Broadmore Ventures they have been emailing me saying that I owe $350.00 but they won't tell me who the debt is for and I asked them to mail me something and they told me to stop stalling they have enough information to proceed with further action. Just wondering if anyone else has had problems with them. I am not sure what else to do with them. I am looking for the wage assignment revoction letter. The link above does not give me that.

youandme · Posted: Tue Nov 07, 2006 10:52 am Subject: SoniC

I'm dealing with Sonic and would like to know if anyone knows how long it takes for them to actually send the wage assignement??? and if it is by mail or what?? and do I get a copy before my employer?? thanks

Posted: Tue Nov 07, 2006 11:20 am Subject:

I just checked and I guess this loan was with B & L Marketing. I checked them and Westbury out and neither of them is licensed in nevada. Does anyone now where B7 L is.