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 Posted: Thu May 15, 2008 10:09 am
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Some Payday loan company left me a voicemail threatening that they could garnish 40% of my pay and yadayada. Now i know it's not that simple, but i am a little unsure of how garnishment works
1) I live in Pa, which i'm pretty sure doesn't allow garnishment save for taxes, child support, federal loans. Although my work's corporate office is in Georgia. So which state applies for garnishment laws? Or is it the state of this PDL company
2) Even if they could garnish, it's not a simple matter right. I'd have to go to court first?
This is a matter i'd like to resolve simply but they're not very flexible...they will only accept ACH payments and won't send any writing to me until i agree to a payment plan (i know better than this though). Of course i also don't want them to even contact work. Any advice is appreciated
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mppsu2003
Joined: 29 Jan 2008
Posts: 50
Debtcc Points: 1101
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Posted: Thu May 15, 2008 10:18 am
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first send a letter revoking any wage assignments
to your HR dept.most PDL'S will try to push
through a wage assignment.those are revokable.
a garnishment needs a court order.next send DV
and C&D letters.this will make them prove they
have legal rights to the debt and the legal
right to collect.plus it contains a cease and
desist clause.send these certified mail return
receipt.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 1741
Debtcc Points: 7390
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Posted: Thu May 15, 2008 10:36 am
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What are wage assignments? and who do i send this revocation letter to? i'm not familiar with this term
the company is called Cash2daylimited
I live in Pennsylvania. The original amount (they're saying) is 479 dollars. They amount they say i owe is 4,700 dollars and are offering a $1700 settlement
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mppsu2003
Joined: 29 Jan 2008
Posts: 50
Debtcc Points: 1101
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Posted: Thu May 15, 2008 10:42 am
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were those amounts correct...that is crazy
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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Posted: Thu May 15, 2008 10:44 am
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Your laws: Pa.
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions
Regulator’s Website
Complaint Form
Complaint Instructions
Online Resources:
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Posted: Thu May 15, 2008 10:44 am
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yes internet...called Cash2daylimited
the guy claimed that fee was the result of '69 returned payments of 79 dollar fees' ...i know the account i took pay day loans out a few years ago was closed more than 2 years ago (they are saying this loan is from September 2005).
The problem is i cannot find any info on this company...they wouldn't give me an address, and i found nothing online.
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mppsu2003
Joined: 29 Jan 2008
Posts: 50
Debtcc Points: 1101
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2598
Debtcc Points: 18838
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Posted: Thu May 15, 2008 10:47 am
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i think cash2daylimited is another overseas illegal PDL.send that wage assignment letter.i would make sure your HR gets a copy first,this place could fax it tommorow.some places just honor it.this place couldn't get a legal garnishment if there lives depended on it.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 1741
Debtcc Points: 7390
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Posted: Thu May 15, 2008 10:47 am
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According to them nothing...i mean a few years ago i was in some finance trouble and got a few of these that i din't keep track of. but i know last year i paid some off, and this name isn't ringing a bell. That's not to say i never took out the loan, however i want to be sure before i pay them.
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mppsu2003
Joined: 29 Jan 2008
Posts: 50
Debtcc Points: 1101
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Posted: Thu May 15, 2008 10:48 am
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yeah but i just don't have any info of where to mail them anything about it.
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mppsu2003
Joined: 29 Jan 2008
Posts: 50
Debtcc Points: 1101
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Posted: Thu May 15, 2008 11:13 am
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Name: Cash Today Limited
Phone: (800) 680-2177
Fax: (800) 690-9926
Address: 1231 NW Hoyt St Ste 301
Portland, OR 97209-3059
Principal: Mr Brian Carter, Customer Solutions
Customer Contact: Mr Brian Carter, Customer Solutions - (800) 680-2177
File Open Date: December 2004
Industry Classification: Check Cashing Service
BBB Accreditation: This organization is not a BBB Accredited business.
does this look like the company mppsu?
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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If so:
