Cash Today

Assume that everything they do is part of a collection strategy. Their goal in this phase is to make you nervous. If they're trying to collect on a payday loan, and they're (1) not registered as a foreign corporation in your state and (2) not licensed in your state to make loans (payday loan act, small loan act, deferred presentment loan act, or some such depending on your state - not all require licenses), then they really can't sue you. All they can do is report you to credit bureaus and, to the extent that you've authorized it (and haven't either closed the account or stopped payment), deduct money from your bank account.

Well..this nasty company called me again today!..I told them I need a itemization letter explaining the inflated charges AND I will only send a money order as I told them I heard nasty things about the company. The nasty man Mr. McKenzie said his legal department will be contacting me regarding garnishment..can they legally do this?

Garnishment is only available if they've already gotten a judgment against you.

If the call is from a debt collector (as opposed to a creditor) they can't legally do a garnishment now (because they haven't gotten a judgment against you), then it's illegal for him to threaten you that way. Keep a record of all these things and prepare to sue them under the fdcpa, even if you ultimately decide it's not worth it to sue. Prepare now, because you won't be able to do so later.

Most of the time they refer to wage assignment by the word garnishment and try to get consumers confused. If you have signed voluntary wage assignment with them, cancel it. Send them a certified letter and revoke the contract.

Thanks for the information..To CurlyCarl..do you
know a sample of the letter to revoke the contract I
could us to send them?

Thanks

You are welcome Missy.

I have found one such letter here, you can use it. Make suitable changes if needed.

http://forums.debtcc.com/revoke-wageassignment.html