Help please
Date: Wed, 10/06/2010 - 08:18
I took a LOAN from Lakota Cash for $500, I have since paid back biweekly payments for a total of almost $600, so in my eyes the principle is paid back and I don't feel like I should continue to pay them the way they want. I have closed my account and now the are threatening to garnish my pay. Do I have to worry? Can they actually do that?
You may have signed a wage assignment along with your loan docum
You may have signed a wage assignment along with your loan documents. You will need to revoke it. It's voluntary. Simply send them an email or a letter stating that you revoke any wage assignment you may have signed. You should also give a copy to your HR/Payroll department at work, just to cover your bases. They cannot "garnish" you without first taking you to court and winning a judgment against you. Seeing as how they are illegal lenders in the state of PA, I doubt that will happen. You are only required to repay the prinicpal of your loan. I would ask them for a paid in full letter as well as a refund of your $100 overpayment.
Thank you so mucht for you help. I have used the letter templat
Thank you so mucht for you help. I have used the letter template located on this forum and am sending it over asap. Again I can't thank you enough for all your help!!
