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I read the maximum allowed by federal law is 25 percent but i also read New jersey (where i live) is 10 percent...what determines which is used...? Also, it says interest rate 6 percent and 16 percent if there is a written contract. Can someone explain exactly how they would tack on interest to a judgement and how that would affect a garnishment?

Is PDL Ventures a legal payday loan company in Indiana?

I'm trying to educate myself before anything more happens. My payment for a payday loan just bounced (really didn't mean to) and I really don't have the money to pay it in full which they are now going to demand. From what I have gathered, they can't garnish my paycheck but not completely sure if they can levy my bank account and assume they would have to have a court order. Also, if "they" are incorporated somewhere besides Texas, can they have the court order issued in another state but presented on a Texas bank.

I'm trying to educate myself before anything more happens. My payment for a payday loan just bounced (really didn't mean to) and I really don't have the money to pay it in full which they are now going to demand. From what I have gathered, they can't garnish my paycheck but not completely sure if they can levy my bank account and assume they would have to have a court order. Also, if "they" are incorporated somewhere besides Texas, can they have the court order issued in another state but presented on a Texas bank.

Hello! I have been searching ALL over for the wage assignment revocation letter and the Cease and Desist letter on here. Can someone attach them please??? Thanks!!!

Hi, I am in Florida and have several payday loans that I am in default on. All were obtained over the internet. Actually, Kenwood by phone. 1. Checkngo online - $500 borrowed, owe $390 (paid $165) 2. Checkngo online - $500 borrowed, owe $585 (paid $0) 3. Kenwood Services - $300 borrowed, owe $455 ($450 so far) 4. Tremont Financial - $500 borrowed, they say I owe $810 (paid $0) They can no longer access my previous bank account and they are pissed.

I am currently working with a debt manangement firm and one of the creditors filed a lawsuit against me (in Ohio). The negotiators have worked out a deal for repayment (still waiting for it in writing) where I will pay 20% now and make some monthly payments after that , but my response to the complaint is not due until early Oct. When an agreement like this is reached, am I correct in understanding that the lawsuit should be moved to a "suspended" status? Will this happen before my response is due, or do I need to file a response anyway?

So, back in 2007 I got a check from a modeling agency, and when I cashed the check BofA cleared the check. I used the money to pay some bills and a week later my account was 300 in the negative because the modeling agency's check bounced!!! Bank of America even added on some NSF fees for items that were purchased BEFORE I even got that check! I asked them to at least take off the NSF fees and I would try to pay the rest, but they refused.

Hi, i just want to say thanks for this usefull site. I get a lot of inspiration and information and will come back. Thanks Kimberly

Chase sent me a letter that they will file suit only after 90 days of not paying. What to do? Has anyone ever experience that? What happen? Did you still settle? If so, at what days ? And % amount?