Garnishment

I also found this in NC's Consumer Finance Act:

awesome. Thank you . well you know earlier in this thread you said it was a low chance of the pdl company trying to enforce that wage assignment, since they sent it out to collections already so .. now I have more proof.
I keep it all in the event I have to use it. like I said in the previous post, I don't mention anything to my Payroll dept. they just wouldnt get it.

Does anyone know if wage assignments are legal in NY? TIA.

Wage assignments are voluntary. All you need to do is revoke them. Revoke them before they happen. send a copy to your employer
PDLS are not legal in NY, so really nothing they do is legal.
But again wage assignments are 100% voluntary, and it is your right to revoke them

That's good to know Kash, I am beginning to worry since this seems to be the new standard practice for these sleezy companies.

Here is NY law about wage assignments:



What this means is that wage assignments are legal in NY, but in order for them to be valid, they would have to be done at the time you took out the loan. For example, you borrowed $200, and agreed to pay it back through a wage assignment. Once you recieved the $200, the creditor would immediatly give your employer the assignment.

Does anyone know if wage assignments are illegal in VA? Thanks.

VA law:

Anyone have any dealings with JD Marketing ?

Thank you, goudah. First of all, for clarifying my post, which obviously confused some people and then seemed to put others in a frenzy as to if they are legal/illegal in their state. Guys, as we keep stating, wage "assignments" can be revoked. Do it as soon as possible. Do it BEFORE the pdl has the opportunity to send it to your employer. Do it for every single pdl that you have. Do it if pdls are legal/illegal in your state. Just do it. Revoke any and all wage assignments you may have signed. Do it for every one of them - even the pdls you know you didn't sign one on. Just revoke it from everyone. Send it to the pdls every way possible (especially certified). Keep a copy of it. Give a copy to your employer. Also, educate your employer. Goudah has posted certain states on here regarding wage "assignments". Print it out. Put it with your revoke letter. Give it to your employer. However, please do not assume they will not attempt to do a wage "assignment" on you anyway even though you have revoked it. Sneaky. You need every piece of documentation possible and you need to cover your a$$ in case they do.

yea I was totally LOL!!!!
But we got it straight now.
We'll let you slide on that one.. since today is your birthday...

Thanks much for posting the VA law regarding wage assignments. I found out from the Bureau of Financial Institutions that, in order to do business in VA, a pdl must be licensed. I found out that none of my Internet pdls are licensed in VA. Does this mean that these loans are illegal, even if they were made over the computer...and that they can't legally ask for a wage assignment in VA...even after I send a letter revoking it? I am getting ready to send out letters to the ipdls....and to complain to the BFI....any advice on this would be great! Thanks!

Asignment is completely VOLUNTARY. They can ask, but you do not have to sign it. VOLUNTARY. If you did sign one you need to revoke it asap. and also give a copy to your employer .

Send your letters. Revoke any wage assignment you may have signed. You owe only the principle amount. Not their outrageous amounts they state you owe.

avoid both "companies" at all cost and report to FTC and BBB if either calls

avoid both "companies" at all cost and report to FTC and BBB if either calls