Internet's first get-out-of-debt community - 117,000 members

rhoffer · Posted: Wed Mar 12, 2008 11:46 am

I recently defaulted on a payday loan with CTC. They are now calling me at work and leaving messages for my manager. I explained on why I was not able to pay and explained that I would be able to pay in full on my next payday. They said I signed a wage garnishment form when I signed up for loan and now are saying they are going forward with it. Do I have any options here? I live in Ohio and the loan is in the amount of 500.00 and I pay in full each time and then do a reloan. I have never dealt with a company who really treats you like a 3rd class citizen. The rep I spoke with got very argumentative and wanted to know in detail what bills I paid instead of paying my loan with them. Any help or comments would be appreciated.

Posted: Wed Mar 12, 2008 11:51 am

rhoffer, they will send a wage assignment ( which is different that an wage garnishment) to your payroll department...they are well known for this. You need to write them a letter revoking any wage assignment you may have signed with them and get it to your payroll asap. All you have to do is write I rhoffer hereby revoke any wage assignment I may have signed with CTC. Sign and date it. Fax it to them and mail it and give a copy to your payroll.

Posted: Wed Mar 12, 2008 11:57 am

Here is a link to a thread with a really good example of a letter revoking wage assignment for your payroll.

http://www.debtconsolidationcare.com/paydayloan/online-lenders.html

rhoffer, how much did you borrow from CTC and what is the total of how much you have paid them back.

rhoffer · Posted: Wed Mar 12, 2008 12:10 pm

I borrowed 500.00 and pay it back in full and then do a reloan. Will this keep them from calling my manager?

Posted: Wed Mar 12, 2008 12:12 pm

Unfortunately not necessarily. They are really ugly and difficult to deal with. You can add a cease and desist clause for communication and request communication in writing however, most of the time they do not honor it.

Posted: Wed Mar 12, 2008 1:31 pm

Hi rhoffer, I am in Ohio and had a loan with this idiotic company as well. You need to go to the website for the state of Ohio attorney general and file a consumer complaint against this company. That is the only way that I was able to get them off my back. The attorney general's office will be happy to help you as they are very concerned about these predatory lenders, especially the illegal ones.

Posted: Wed Mar 12, 2008 3:05 pm

It's very important that you notify whoever necassary at your job what's going on. It's not all that embarassing, and it's worth it. My office has actually made a game out of irritating these people. Today my boss played along that she was happy to help and would transfer them (MTE) to the payroll department. She then transferred the call to me. I said I'd be happy to garnish Dan6243's wages, they just need to send me a notarized email. I wonder if they're still trying to figure that one out.

Posted: Wed Mar 12, 2008 4:51 pm

Oh, Dan! That is PRICELESS!!!! You have the right attitude! Great job! Very Happy

Posted: Wed Mar 12, 2008 5:21 pm

GOOD ONE, Dan!!! I have to remember that one. I wonder if they'll try and download it....

Posted: Wed Mar 12, 2008 5:23 pm

Download!

Rhoffer · Posted: Thu Mar 13, 2008 4:58 am

Thank you for all your help & suggestions. I will visit the Ohio Attorney Generals website. I have also faxed them a letter to revoke any wage assignment and faxed a letter to my payroll company. Just for general knowledge.... What legally can they do to me now? I would like to have as much info to come back with when they call again.

Posted: Thu Mar 13, 2008 5:43 am

Legally, they can't do crap. This is a highly illegal company. All they can do is call and harass you. I quit taking their calls after the first couple times because there is no reasoning with them. I would file your complaint with the AG and forget that CTC exists. Did you close your bank account or put a block on it? Don't let these fools worry you, they are as I said, illegal as heck and their threats don't mean anything.

Posted: Thu Mar 13, 2008 8:34 am

You go, sass! sassnlucy is soooo right, rhoffer. These guys are WAY illegal. If you have prevented them from debiting your bank account, revoked their wage assigment, filed your complaints, you're good to go! They can't do anything but call the hell out of you - and they will. Legally, they can't do squat. And, I love sass's quote: "forget that CTC exists". Excellent advice!

Debt and Credit Management	Other financial topics
Debt Consolidation, Management and Settlement Dealing with Creditors and Collection Agencies Get-out-of payday loan help Creditors and collection agency address book Credit Repair, credit score and credit reports Financial education through videos	Additional income, investment, shopping & budgeting Banking including help on chexsystems Identity theft - scams, security and training Getting a Loan and choosing a good lender Dealing with Student Loans US Tax system and impact on debt
Community success stories	Miscellaneous - Hangout forums
Winning stories with debtcc community Stories: How I accumulated debts	Expert articles - Community knowledge bank Debtcc Complaint center Pub, feedback and announcements Funny Videos - Hey you worked a lot, now laugh and relax

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - 117,000 members

CTC

Members Area

Free Debt Counseling

Ask the community

Question of the week

Useful Links

Highlighted Topics

Recent Blog Post