do you know what the laws in PA are for these pay day loans.

Date: Thu, 10/04/2007 - 10:22

Submitted by anonymous
on Thu, 10/04/2007 - 10:22

Posts: 202330 Credits: [Donate]

Total Replies: 5

I have applied to cash transfer centers and had a problem with my checking account that a deposit was not made and they tried to take out the amount of $500 and could not and tried charging me 29.00 per debit and they made 5 to equal 500 now they have tried 3 times more chaging 29 each time I now owe them 800 and some odd $. Can you please give me advice, they also are Northway which I have stopped payment at my bank for them.

Here are the Payday loan laws for Pennsylvania here (just select

Here are the Payday loan laws for Pennsylvania here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Good job on stopping payment on them. Have you contacted them to see if they will let you make payment arrangents?

lrhall41

Submitted by eleroo on Thu, 10/04/2007 - 10:27

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As far as PA goes, physical locations are prohibited, but intern

As far as PA goes, physical locations are prohibited, but internet based companies can lend to PA consumers as long as they are licensed in another state. They would need to follow the laws of the state they are licensed in.

But Cash Transfer Centers isn't a licensed company anyways.

lrhall41

Submitted by goudah2424 on Thu, 10/04/2007 - 11:59

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You MUST send a letter to CTC revoking your wage assignment agre

You MUST send a letter to CTC revoking your wage assignment agreement and give a copy to your payroll department. They will send that letter to your employer with out a doubt. There is an article I posted yesterday about wage assignments which you may want to print for reference or to give to your employer and even send to them along with you revocation letter. It was written by an attorney. I have been down the road with CTC and know how they have behaved in the past. They are illegal, as Goudah said, and based outside the US in Malta. Once their attempt at assigning your wages fail you will probably get an email from a company pretending to be settling for them. It is them with a different name. They have no legal recourse to collect so they will settle for a lot less than they want now.

lrhall41

Submitted by Frogpatch on Thu, 10/04/2007 - 12:19

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Good catch Frog...

lrhall41

Submitted by volleyballmom on Thu, 10/04/2007 - 12:21

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reply

Please, please, please! Send Cash Transfer Centers a revoke letter! Send a separate one just for revoking any wage assignment you signed. Email it/fax it/ mail it certified mail. Keep a copy, give a copy to your employer. Do this NOW! They will send one to your employer. You have to revoke it before they get a chance to send it. Send them a letter revoking their debit authorization. Revoke everything under the sun with them. Horrible, horrible, illegal, illegal. Please do the wage assignment NOW. And also revoke debit authorization. They will more than likely continue to try to debit your account. You owe them $800 now? Like hell you do! They are an overseas illegal company. You need to file complaints with the BBB, the FTC, and your state AG on these fine folks. Please do the letters ASAP.

lrhall41

Submitted by cannr on Thu, 10/04/2007 - 20:58

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