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 Posted: Wed Apr 23, 2008 4:39 pm Subject: Need Advice in Richmond, VA....
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I have 4 outstanding pdl....
World Wide Cash-
Tremont Financial- haven't paid yet because they gave my info to ambassador...who debited my acct 2x in one day for $150.00
Dollar Flash
Payco
all loans are for $200...although i was told and in the contract it states that the renewel fee was $79 for one...and $85 for another....they have charged $100 ..one has charged $120....i feel that all has been paid since i got hit 3x so far...i faxed over my info to virginia credit union to close my account and they are going to open another for me...Well..Tremont emails me something stating that they are going to garnish my wages in 15 days....and send the info to my job...and capitalized the name of my place....i cant have them calling up there..or sending some damn wage garnishment..i had to put a stop to it because i work for a bank...and get paid twice a month...my paycheck which comes on the last day of the month is strictly for rent...and daycare..and anything my 11 month old needs..milk..etc...last month....i didnt have ANYTHING and had to take out that 4th w/ tremont financial...so i could pay daycare....i hate payday loans 
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djessence
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Posted: Wed Apr 23, 2008 6:28 pm Subject:
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| Code: | Virginia State Information
Legal Status: Legal
Citation:
Va. Code Ann. ยง 6.1-444 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance |
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cannr
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Posts: 9375
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Posted: Wed Apr 23, 2008 6:30 pm Subject:
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| Code: | Virginia Wage Garnishment
Virginia uses the federal wage exemption.
The maximum part of disposable earnings of an individual for any workweek which is subjected to garnishment may not exceed the lesser of;
1. 25% of disposable earnings for that week, or
2. The amount by which his disposable earnings for that week exceed thirty (30) times the federal minimum wage. |
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cannr
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Posted: Thu Apr 24, 2008 4:29 pm Subject:
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Got my account closed today....and they said nothing should reopen it.....they gave me a new account.....the letter from tremont financial actually stated that i signed a wage assignment contract....arghhhhhh
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djessence2
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Posted: Thu Apr 24, 2008 6:00 pm Subject:
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dj, you need to type up a quick letter revoking the wage assignment, okay? It's just short, simple, and to the point. Just type the pdl name and address at the top. Then type "I hereby revoke any wage assignment I have signed with your company, your partners, or any affiliates." Then just type your name. Send that sucker every way possible. Fax it, email it, send it certified mail. Do this as soon as you can. Keep a copy and give a copy to your employer to put in your file just in case these yahoos try to pull a wage assignment on you. You may need to educate your employer that wage assignments are totally voluntary and do not have to be honored. Some employers don't know this and honor the wage assignment. This way, you will have your letter on file that you revoked it, and also let them know it is not a "garnishment", but an "assignment". Big difference. Just cover your butt. Do this as soon as you can before they have the opportunity to send it to your employer.
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cannr
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