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Posted: Thu Jul 19, 2007 7:37 am Subject: Want to get rid of online Payday loans

I closed my checking account where I have payday loans outstanding because I want to pay them off and be rid of them but I need to do it slowly and cheaper. Can they garnish my paycheck?

Posted: Thu Jul 19, 2007 8:35 am Subject:

What state do you live in? You must send letters to the PDL companies revoking any wage assignment agreements you have made and show those letters to the person in charge of your payroll. That is a voluntary agreement. Garnishment requires them to go to court. They are usually illegally operating and won't step foot in a court. Some states are non garnishment states also. If you list all the companies, how much you borrowed and how much you have paid them so far. We can see if you really owe them anything under the laws of your state. You must give us all three of those things plus the state you live in. Thanks.

Posted: Thu Jul 19, 2007 8:50 am Subject:

Hi there sfate! Welcome to the forums. You have come to the right place. If you answer the questions above from frogpatch, we will be able to help you!!!

Posted: Thu Jul 19, 2007 8:52 am Subject:

Closing your account was probably the best thing you could have done at this point. At least you can regain control and make them deal with you on your own terms.

Posted: Thu Jul 19, 2007 9:38 am Subject:

Hi and welcome. I don't think they can garnish your wages but from what I understand, it would be wise to send and ach and wage assignment revocation to each of the pdls. This way you are covered regardless.

Sherrie · Posted: Thu Jul 19, 2007 9:38 am Subject: Internet PDL

Thanks so much!
I have magnum payday loans- owe $530 this is a recurring loan because I paid off and had to reborrow
Ameriloan- paid about $270 in refinance fees owe $390
United Cash- paid $300 in refinance owed $260- i think
Quickest cash payday- paid $90 owe $390
Webpay day- just took out loan- owe $500
Nationwide- paid $270 owe -$390
Please help

Posted: Thu Jul 19, 2007 9:40 am Subject:

What state are you in?

Posted: Thu Jul 19, 2007 9:55 am Subject: What state am I in?

I live in NC but they said they go by the rules in the state the loans are taken out in.

Posted: Thu Jul 19, 2007 6:51 pm Subject: sfate

Check to see if they are licensed in your state to do business. I can almost bet none of them are. However, just to be safe, see if they are. I have dealt with 3 of the pdl's that you have. They were not licensed to do business in my state. I'm not sure of your state law regarding internet pdl's - I'm sure someone will come along that is from your state or at least find out - but majority of the time (some states vary though) you are governed by YOUR state laws. These pdl's pulled this "we follow our state law" crap on me and it wasn't true. In your case, check to make sure they are not licensed. And also if someone could check and make sure that your state doesn't have some sort of "loophole" regarding internet pdl's, we would know more. I can tell you that you will have to argue your head off with them regarding your state law vs theirs. But, in my case, they were wrong. I actually received a refund from one of the pdl's you have listed once I sent them my letter. I didn't even have to file any complaints. They got the letter in which I stated facts only and they marked my account PIF and sent me a refund. I communicated with them via email. But, as stated, be sure they are not licensed in your state and also be sure there is no "loophole" regarding internet lending in your state.

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