pdl help in texas please!!
Date: Fri, 12/29/2006 - 23:48
lc1717 - First, you cannot have your wages garnished over t
lc1717 -
First, you cannot have your wages garnished over the phone, so put your mind at ease about that. This company cannot just call your HR department and garnish your wages.
Second, can you provide us the following info so we can help you?
-names of the payday lenders
-original amount of each loan
-amount you have paid on each loan
-whether they are online or storefront loans
With this info, we can provide you some tips for handling these companies and getting your loans paid off and marked paid in full so these companies will stop harrassing you.
Here's the Texas Payday Loan Law Info:
Quote:
Legal Status: Legal Citation: 7 Tex. Admin. Code ???? 1.605; Tex. Fin. Code Ann. ???????? 342.251 et seq. and 342.601 et seq. Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days Maximum Finance Rate and Fees: $10 per loan + 48% annual interest Finance Charge for 14-day $100 loan: $12 apr for 14-day $100 loan: 309% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Texas Office of Consumer Credit Commissioner Address: 2601 N. Lamar Blvd. Austin, TX 78705 Phone: (512) 936-7600 Fax: (512) 936-7610 |
If you will give us the info on your payday loans, we can help you find out if they are licensed in Texas, and how much you need to repay to get them off your back. Our hope is that once you come through this situation, you'll say no to payday loans forever!
Also, since you've registered, a debt counselor will be calling you for a free consultation. You may choose to use their services, or contine to handle your debts on your own.
Also..Your wages absolutely cannot be garnished in Texas..It is
Also..Your wages absolutely cannot be garnished in Texas..It is a non-garn state. They can still use a wage assignment, though..But that is always your right to revoke.
payday debt
In TX the payday loans have found a loop hole. What they do is regiter with a finacial institution that is licensed in TX and get around the having to be licensed. What you have to do is call your sec of state and see if they are registered with any finacial intitution in TX.
Also, if you know which 4 pdls you have out, just to be on the s
Also, if you know which 4 pdls you have out, just to be on the safe side why don't you send each of the a wage assignment revokation letter. (Just to play it safe), I know Sonic and Cash Transfer Center uses the wage assignment claus, this be one of your pdls that called?
pdl in texas/ info please
Sorry for the delay in getting my info together. I appreciate everyone's help. I don't feel as alone & overwhelmed. Here are the companies I have pdl out on.
PaydayLoan OK, CashNet USA, OneStep Cash -- I think I may have one more but I can't seem to get the company's real name so I'm not sure. In the meantime does anyone know about any of the above companies? I????????ll take all the info & help I can get. Again thanks to everyone for the guidance it is truly appreciated.