Can my wages be taken to pay off payday loans
Date: Tue, 10/09/2012 - 21:00
Internet payday loans are illegal in KY. You only have to pay th
Internet payday loans are illegal in KY. You only have to pay the original loan amount. Lenders can't garnish your wages.
KY requires to have the physical presence of the lender within t
KY requires to have the physical presence of the lender within the state if they want to lend. Yes, your wages can be garnished but only with a court order which would be pretty hard, nay impossible for the collectors given the fact that they were lending illegally. What is the name of the lender that you borrowed from? I am just curious.
Here is what I found out, straight from the KY Gov page: Quote:
Here is what I found out, straight from the KY Gov page:
Quote:
???Consumers should be aware that online payday loans are illegal in Kentucky,??? stated DFI Commissioner Charles Vice. ???Using these illegal services subjects the consumer to the possibility of being scammed by the bogus collection agencies.??? |
The poster may be mixing up wage garnishment vs wage assignment.
The poster may be mixing up wage garnishment vs wage assignment. They need to make sure they follow the instructions in the link in my signature line that includes voluntary wage assignment revocation.
