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Indiana Payday Loans

Date: Mon, 05/07/2012 - 19:34

Submitted by anonymous
on Mon, 05/07/2012 - 19:34

Posts: 202330 Credits: [Donate]

Total Replies: 5


I have 4 loans that are just killing my bank account. They are with:

Online Advance
American Web Loan
MyCashNow
VIP Loan SHOP

Are these companies legal in Indiana? What am I obligated to pay?


I have closed my bank account and opened a new one. The accounts are not linked, and I know that they tried to pull money from the old one and it did not work or re-open the account, etc. My question is, can they garnish my wages, or try to?


lrhall41

Submitted by on Tue, 05/29/2012 - 23:16

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If you signed a voluntary wage assignment as part of your loan agreement, they certainly can send it to your employer and many employers will honor it and start garnishing your wages.

These are easily revoked. Send an email/letter/fax to the lender stating that you revoke any wage assignment you may have signed and then give a copy to your employer to cover yourself.


lrhall41

Submitted by OhioGal1 on Fri, 06/29/2012 - 06:08

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