Bank Levies?
Date: Tue, 09/22/2009 - 12:44
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. If it helps, the bank is a local Texas bank and has no branches outside of Texas. I live in Texas and the PDL loan has been set-up for EPP - the first payment was made and the second one bounced. One last thing, although the receipt says Cash America Payday Advance, the actual EPP Agmt says the Lender is Hereford Financial LLC in Darien, CT which I cannot find any information on.
Thanks for any and all info.
LM
Thanks for any and all info.
LM
Was it set up to be withdrawn from your account or did you send
Was it set up to be withdrawn from your account or did you send them a check to make a payment? I don't think they can "levy" your account but I'm not possitive on that, and even if they could they would need to take this to court. If you missed a payment, call them and explain your situation, they may be willing to work with you.
After it was turned into an EPP, 4 payments were automatically s
After it was turned into an EPP, 4 payments were automatically set-up. I could either make them in person or if I didn't show, they would take only the current payment due. We just decided not to go in so they were only supposed to take the one payment. I got a call from their collections on Monday that the bank denied payment.