I recently discovered most of my payday loans are illegal and they have been charging me really really high interest fees. I just joined a debt consolidation program so that I can pay these loans off. I had so much to happen to me in the last past year and I needed some extra cash in between pay periods. I make good money but since these payday loans fees have been coming out of my check and overcharging me I have little or no paycheck at all. I couldnt close my bank account because I had a negative balance. I had to have my payroll check deposited on a prepaid card so that these companys will not get my money like they have been but I want to keep my current account. I plan on playing this payday loans off but Im not going to pay them more that what I owe. Can you please give me some advice on how to handle this situation. I plan on going to my bank and putting and no debit status on my account so these companys cannot keep debiting my account. I once got a threatened call saying that they were about to garnish my check is that at all possible. Can someone please give me some more information and/or advice on what it is that I need to from here on out.
I can feel your pain as I was there too. Wish you best of luck and keep us posted.
Sub: #1 posted on Wed, 09/25/2019 - 20:55
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1. They are illegal.
2. Since they are illegal, so they can't file a lawsuit or get judgment against you. If they can't get judgment against you, then the question of wage garnishment doesn't arise.
Sub: #2 posted on Thu, 09/26/2019 - 00:34
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Sub: #3 posted on Mon, 09/30/2019 - 22:56
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