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MD pay day loan question?

Date: Wed, 08/25/2010 - 17:46

Submitted by psufan3000
on Wed, 08/25/2010 - 17:46

Posts: 8 Credits: [Donate]

Total Replies: 14


I live in MD, can a pay day loan company garnish my check? They say they will sue men and they will talk to my supervisor to set up garnishment. I thought you have to go to court first and then its no guarantee that there is garnishment. Isn't this just threats to get you to pay your loan!?


Quote:

Originally Posted by psufan3000
I live in MD, can a pay day loan company garnish my check? They say they will sue men and they will talk to my supervisor to set up garnishment. I thought you have to go to court first and then its no guarantee that there is garnishment. Isn't this just threats to get you to pay your loan!?


yes they are illegal threats,who is the bottomfeeder?btw pdls are prohibited in MD.


lrhall41

Submitted by paulmergel on Wed, 08/25/2010 - 17:48

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To piggy back, I hear that they don't like to go to court because judges blame them alot for debt. I don't know if that is true or not but worth asking. I am trying to set up some payment arangements and they insisted that I payed something this month, but I told them that wont happen, and I can pay in Sept, and they caved. Do we have more bargaining power than we thought?


lrhall41

Submitted by psufan3000 on Wed, 08/25/2010 - 17:51

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WOW this is incredible, so they should have never lent me $ in the first place! WOW! So next time I get calls from these companies or debt collectors should I drop that on them and see what they say? Its so funny because the one girl from the debt collector told me that that I live in a state where my checks can be garnished! I should have said yes and Pay day loans are illegal in MD as well! What does cashnet have to say about that?


lrhall41

Submitted by psufan3000 on Wed, 08/25/2010 - 18:16

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Quote:

Originally Posted by psufan3000
WOW this is incredible, so they should have never lent me $ in the first place! WOW! So next time I get calls from these companies or debt collectors should I drop that on them and see what they say? Its so funny because the one girl from the debt collector told me that that I live in a state where my checks can be garnished! I should have said yes and Pay day loans are illegal in MD as well! What does cashnet have to say about that?

Hold on a minute, do you mean Cashnet or Cashnetusa? Because Cashnetusa isn't a payday lender, they are a CSO (Credit Service Organization) and are not required to follow the payday loan laws, so they are perfectly legal in the state of MD.


lrhall41

Submitted by Shazzers on Wed, 08/25/2010 - 18:24

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Quote:

Originally Posted by psufan3000
Ahhhh ok yes but I actually have worked something out with them, I didnt mean cashnet. I was just saying that in general. What is the difference between the two btw. However I did get a loan with them but I have worked it out. What about pay day one?

Payday One is also registered as a CSO in MD.


lrhall41

Submitted by Shazzers on Wed, 08/25/2010 - 18:35

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