wage garnishment question

Is it an internet loan? If it is, then they are generally acting outside of the law and no judge in the world would grant them a judgement! What they can do, though, is use a wage assignment. This is revocable at any time by you. What you should do immediately is write a letter stating "as of this date, I revoke any and all wage assignments". You need to send this to your PDL company. You also need to give a copy of that letter to your HR/payroll dept. It's important that they get it, in fact it's more important that THEY get it then the PDL! That's it.

If this is a storefront, they can take you to court and sue for a judgement, as they usually follow the laws..The easy way to prevent that is by contacting them and making arrangements. No one wants to sue you, and if you are up front about your situation, they will work with you.

Please tell us about your PDL situation, we've been there and will be glad to help.

They are storefronts...I have five and with two I started on a payment plan (CFSA) but it was just too much (500 every two weeks just for those two loans plus another 250 dollars for the interest payments on the other three loans). I don't see any way out at this point other than bk. I stopped paying this weekend but it being a holiday weekend they might not have gotten the checks back yet. I think with one of them they put today as the due date cause of the holiday. There is no way i can pay what they want. If they would take half of that per month til they were paid off i could swing it but I don't think they will.

jmac, what state are you in?

nv

You will find the Payday loan laws for Nevada here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

i cannot let it get to the point they win a judgement; i will file asap.

jmac, have you tried to contact the storefronts and see if they will work with you? It's always worth a shot. I see that you posted that you invoked the EPP with a couple of them, but defaulted on that. So, they'll want their money in full, unfortunately. I just had to see anyone file bk if it's not necessary. Have you tried to see if any will work with you? I know you said they probably won't; however, I would at least try. I know pdls are a pain in the a$$ and it looks like there is no way out, but sometimes they will work with you.

I can try but i absolutely can't have them garnish me..i would get fired. I hate to file bk but it seems like i don't have any option; trying to get 5 companies to agree to something is going to be difficult, if not impossible.

I couldn't find anything about ACH assignment in my contracts but one did say 'you promise not to close your bank account', so I'm sure they won't be happy.

You CAN NOT be fired for being garnished. Trust me, I work in HR, this is a federal law.

Are you serious Finsfan. I have always been worried about this myself. I was always told that where I work also would fire you if you were ever to get a garnishment. I had no idea that you couldn't actually be fired for this. SO no matter where you work and how much they say they can fire you for having a garnishment it's not the case? I'm actually very happy to hear this it was always a fear of mine.

Thanks so much for the information, this site is just so wonderful.


Johnita

Nope, you cannot be fired because you have a garnishment. That's a helluva lawsuit if you can prove you're fired for that reason, plus a fine for the company.

A nit-picky company, however, can FIND another reason to fire you. I don't know why they would want to..After the initial paperwork there is absolutely no extra work for the hr dept, and it costs the company no money. If you do find yourself being garnished, make sure your record is clean otherwise..Attendance, personal calls, etc. It would never ever even cross my mind to impose any kind of discipline on a garnishee. That's just stupid.

I agree with the Miami Dolphins fan. It would be a legal nightmare for a company to fire you because your wages are being garnished. Have you contacted your HR department in regards to your question? If you have not, please contact them asap in regards to wage garnishments.

I'm wondering what is going on with the pdl companies...I have only heard from one that called cause i didn't make my payment...so far, no one else has called. It makes me wonder what they are planning :(

How long does it take for a check to return to the pdl for nsf?

I was reading the Nv anbd federal laws about wage garnishment and I did read that you cannot be fired for one garnishment, but can be fired for multiple garnishments.

?????

Also...did anyone get to the question of how long it takes for a garnishment? I also have a pdl that was due a few days ago and I was not able to pay.

What does EPP stand for and how can it help with a payday loan???

EPP stands for (Extended Payment Plan).??An EPP is designed to??break up your principal balance plus finance charge into four equal payments. Allowing you to pay back you PDL??over 4 pay periods.

CFSA members usually offer this plan.??
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Hope that helped.??
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