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Payday Loans in Iowa

Date: Thu, 07/03/2008 - 12:48

Submitted by scott0513
on Thu, 07/03/2008 - 12:48

Posts: 13 Credits: [Donate]

Total Replies: 12


What are the laws for Internet Loans in Iowa? Do you know of a good settlement company, or how do I go about doing this myself


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

What payday loan companies are you dealing with? The internet loans must be licensed in the state of Iowa to give you a loan. Most internet loan companies will argue with that though.


lrhall41

Submitted by PinkLady on Thu, 07/03/2008 - 13:13

( Posts: 1720 | Credits: )


Do you know where I can get a letter to give these lenders to stop the right to contact my employer and have my wages garnished. I haven't had any legal actions yet, but they are threatening to contact my employer and take my wages.


lrhall41

Submitted by scott0513 on Thu, 07/03/2008 - 14:42

( Posts: 13 | Credits: )


Scott, they will assign you wages which is different. All you have to do is write a short letter stating you revoke any wage assingmnet you may have signed. Furthermore they are not to contact you at work that you may only be contacted in writing or by email. Be sure you give a copy of the wage assignment revocation to your payroll or atleast have them notify you if they receive anything from any of these companies. They need to understand that this is a voluntary wage assignment and they do not have to hold you to it and you can revoke it. I would suggest you type in wage assignment in the search box at the top right corner of the page to find out more and see how other members have dealt with this issue.


lrhall41

Submitted by RoxyNY on Thu, 07/03/2008 - 17:33

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Make sure you send the letters certified mail with return receipt. Also, I think its the same no matter what state you are in..but wage assignments must be signed in person to truly be valid.

Here is a link that talks about wage assinment and also has a sample letter.

http://www.debtconsolidationcare.com/forums/wageassign-legal.html


lrhall41

Submitted by PinkLady on Thu, 07/03/2008 - 22:26

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Are any of the companies listed illegal, how do I find out


lrhall41

Submitted by on Mon, 07/07/2008 - 12:43

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I have closed my account and opened a new one. They don't have the info on that account. First Federal Savings Bank is tied to Check N Go and is based off my payday. What are my options with the companies that are illegal?


lrhall41

Submitted by on Mon, 07/07/2008 - 14:18

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I have three payay loans in iowa and the interest is around 700 %. now they are threatening to triple the amount i owe. can they legally do that?


lrhall41

Submitted by on Sat, 09/13/2008 - 00:56

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