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 Posted: Tue Oct 24, 2006 7:14 am Subject: Payday Loan Wage Garnishment |
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I want to know is wage garnishment legal in the Metro DC area? I work in Virginia and I live in Maryland. I've tried to talk to these people but the guy that I was speaking with in regards to making arrangements to pay off this damn thing just kept getting rude each and every time. Plus he would call me on my job and constantly harrass me about paying back the loan in which I was trying to make arrangements with him about. Will someone please send me an answer. This is really bothering me.
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chyna6976
Joined: 24 Oct 2006
Posts: 1
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| Posted: Tue Oct 24, 2006 7:29 am Subject: Payday loan |
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Hi: Is this an internet loan or a Storefront loan?
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Missy
Joined: 18 Nov 2005
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| Posted: Tue Oct 24, 2006 7:46 am Subject: |
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chyna6976
Hi, welcome to the forums!
Payday loans are usually only intended to be for short term use. The interest rates are very high because o the lenght of the loan? What company did you loan with? Some lendors will let you renew each pay period. The amount you pay to renew, however, does NOT go towards the repayment of the loan.
Have you already defaulted on the loan? I'd also like to add that most lendors break the repayment into 2 different payments on your paydate. That way, if they're only able to get 1/2, at least they have something. But this also puts a burden on you if they can't get anything. Not only are they chargine you 2 different NSF fees of usually $29 ($5 , but so is your financial instituation.
What kind of repayment plan are going to offer them if they're willing to accept?
Could you give us more details?
Regards
Mike
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Teleport
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| Posted: Wed Oct 25, 2006 7:18 am Subject: chyna6976 |
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did they already start garning you?...hi i work at a collection law firm currently and am one of the paralegals there...if not you can answer the garnishment and say you are under poverty guidelines and they will set up a court date for this...also if they took a civil judgement against you...then call the county court house the suit was filed and reopen the case ..... you will need a good reason for this to reopen the case so if you tell them you didnt get served or they filed the suit in the wrong county that you dont live in then they wont be able to garnish u
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collector
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| Posted: Thu Oct 02, 2008 1:05 pm Subject: garnsihment |
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Can payday loans on line garnish your pay check. I am receiving several calls stating that they will.
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Danita G
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| Posted: Thu Oct 02, 2008 1:13 pm Subject: reply |
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hello donita,welcome tothe forums.if you could provide the following.
how many pdls
how much borrowed from each
how much paid back to each total include fees and rollovers
what state are you in
just know that you can revoke any wage assignments.they are voluntary.an internet pdl has a flimsy wage assignment.a legal wage garnishment is court ordered.please answer the questions asked and we can help you here.
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paulmergel
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| Posted: Thu Oct 02, 2008 1:38 pm Subject: Pay day loans |
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There are seven loans over about a year or so. They did not go into default until July. I always paid them back and ther got another one. I had to many and could not pay the payments any longer. The total might be about 3,000 with late fees and finace charges.
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Danita
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| Posted: Thu Oct 02, 2008 1:41 pm Subject: reply |
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who are the pdls and what state are you in?please answer those questions.we can further assist you.
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paulmergel
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| Posted: Thu Oct 02, 2008 4:19 pm Subject: |
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Here are the laws for your state:
Maryland State Information
Legal Status: Prohibited
Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq.
Small Loan Rate Cap
2.75% per month; 33% per year.
Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy
http://www.dllr.state.md.us/finance/
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wssu91
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| Posted: Fri Oct 03, 2008 11:55 am Subject: Pay day loans |
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I live in Michigan, the loans are with Think cash, Nationwide cash, Cash advance network, CRI intrenet cash, Discount advance, Paper check payday loan, and Ten dollar payday loan.
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Danita
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