| Message |
Author |
 Posted: Wed Nov 29, 2006 1:15 pm Subject: Payday loans company threatening garnishment |
|
|
I have several payday loans which I took out online - 5 to be exact. Only one has threatened to garnish my check if I cannot repay in full. I live in Minnesota and Minnesota law states they cannot garnish more than 25% of my check due to dependent care. Is this true? Is there any help for me? Please advise. 
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
| Posted: Wed Nov 29, 2006 1:21 pm Subject: |
|
|
Yes, that's true about the garnishment... However, if the lenders are not licensed in your state, then they are lending illegally..And it would be darned difficult for them to get a judgement against you...
There is plenty of help for you! What companies are you dealing with, and let me ask you this..by any chance is it cash transfer centers threatening to garnish? Garnish is the wrong word for them to use..wage assignment is more like it. What you need to do first is send a letter to the company making the threats stating that you revoke any and all wage assignments. Also, you will need to send a similar one to your payroll dept.
Sorry to get ahead of things..what companies are you dealing with, we can help you.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
|
|
finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7018
Debtcc Points: 59833
|
|
|
| Posted: Wed Nov 29, 2006 1:22 pm Subject: |
|
|
I feel a company gets the legal stand if they can prove that you are avoiding the repayment. Your account will not go in default even if there is a small payment activity. The company doesn't have to accept any repayment plan you offer, but there should be a proof that you made a payment effort. This will matter if the case reaches in front of the judge. Seeing your willingness to pay the debt, judgment will not be filed against you. All communication with the lender is to be done in writing for proof.
|
|
Howard
Joined: 30 Oct 2006
Posts: 312
Debtcc Points: 4766
|
|
|
| Posted: Wed Nov 29, 2006 6:39 pm Subject: Reply to finsfan |
|
|
Yes, the one threatening garnishment is cash transfer centers......I am afraid of what they might do. The others are: TenDollarPayDay, OneClickCash, UnitedCashloans, and MtOread - can't remember rest of the name on the last one. Where do I mail the letter regarding the "revoke of garnishment"? I can't seem to find an address for them. Thank you for your help...you don't know how many nights I've spent awake worrying about this - feeling like I was the only one struggling with this kind of problem. Your advice has helped me feel like less of a financial "freak".
_________________
Register today to encash debtcc points.
|
|
artwriter06@hotmail.com
Guest
Debtcc Points: 100
|
|
|
| Posted: Wed Nov 29, 2006 7:01 pm Subject: |
|
|
Oh, you are not alone!! Give me a little while, I'll find an addy for you..
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
|
|
finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7018
Debtcc Points: 59833
|
|
|
| Posted: Thu Nov 30, 2006 10:37 am Subject: Thank you |
|
|
Thank you finsfan, if you could get an address for me that would really help me out. 
_________________
Register today to cash in debtcc points.
|
|
Theresa
Guest
Debtcc Points: 100
|
|
|
| Posted: Thu Nov 30, 2006 12:01 pm Subject: Address for Cash Transfer Centers |
|
|
Their physical address is listed below.
Ms. Kimberley DeThomas, President
c/o Payment Services
Cash Transfer Centers
E-Care Contact Centers
400-15225 104th Avenue
Surrey, BC
V3R 6Y8
This is their phone number.
(604) 588-2260
|
|
PDLInvestigator
Joined: 24 Feb 2006
Posts: 148
Debtcc Points: 4315
|
|
|
| Posted: Thu Nov 30, 2006 12:47 pm Subject: |
|
|
Good!!! I was still searching for one!
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
|
|
finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7018
Debtcc Points: 59833
|
|
|
| Posted: Fri Dec 01, 2006 2:03 pm Subject: Thank you! |
|
|
Thank you PDL investigator - now I can send them a letter and try to make arrangements with them as talking to them on the telephone has granted me little success.
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
| Posted: Tue Dec 05, 2006 2:15 pm Subject: Not sure what step to take next |
|
|
I have received a couple of calls from these companies offering payment plans; however, I asked that they submit something in writing but they will not until I agree to a plan - I can't agree to a plan without seeing something in writing - I only have addresses for two of these companies as the others refuse to cooperate. I am trying to pay these off but they are making cooperation difficult. In Minnesota it is illegal to "rollover" the loans in the first place, as are loans over $350. I'm unclear as to what to do...any advice?
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
| Posted: Thu Dec 07, 2006 1:46 pm Subject: No such address? |
|
|
The ones that have been calling me will not give me thier addresses and refuse to take payments by mail - can they do that? I no longer have a bank account and do not have a credit card so how on earth am I supposed to repay them?? Please help. 
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
| Posted: Thu Dec 07, 2006 3:14 pm Subject: |
|
|
Make yourself clear to the company that you have no other options but to pay it by mail. Do it in writing so that you are able to prove your attempt. I will recommend that you send the money order along with the letter. When they will see your money, you can expect them to adjust.
|
|
Howard
Joined: 30 Oct 2006
Posts: 312
Debtcc Points: 4766
|
|
|
| Posted: Thu Dec 07, 2006 3:33 pm Subject: How do I get their address? |
|
|
Thank you Howard, however, they will not give me their address...stating they do not accept mail payments, so how do I go about getting an address to mail payments to??
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
|
Howard
Joined: 30 Oct 2006
Posts: 312
Debtcc Points: 4766
|
|
|
| Posted: Fri Dec 08, 2006 8:55 am Subject: No, I need other addresses |
|
|
No, actually Howard I need addresses for two other loan places - TenDollarPayDay Loan and Mt. Oread Financial. I have addresses for the other three.
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
| Posted: Fri Dec 08, 2006 9:39 am Subject: Please help me... |
|
|
No one has replied to my posts regarding what will happen if I can't pay. I have just been screamed at by a collector from Mt. Oread refusing all of my attempts to pay. I am trying to set up a consolidation program but they will not - they won't let me make any payments except in two large payments or all at once - which I am unable to do. Please, if someone knows what I can do or where I can reach them please help me. Mt. Oread is known as Mt. Oread Ventures Xpress Cash and TenDollar Payday Loans is known as Rio Resources. They said I would go to jail or they would sue me, but Minnesota law prevents such things as payday loans that "rollover" and/or are above $350 are illegal in my state. (I have actual documentation of this). PLEASE HELP!!
_________________
Therese
|
|
artwriter06
Joined: 29 Nov 2006
Posts: 23
Debtcc Points: 746
|
|
|
