Question about Payday loans?
March 31st, 2010
Can you request in writing to a payday loan place to keep all contacts to letters and send you a copy of the debt that’s owed? Plus can the company fax over information to your job to garnish your wages? I thought a lawyer had to proceed with a judgment to the court and then to your employer? Please give your advice on this one
Why would you even consider a loan with a 390% interest rate?
This is considered a small claims procedure. They will have to take you to small claims court to get any type of judgment against you or to to garnish your paycheck. They do not have to use a lawyer, but a lot of these companies do use one. I would call them and try to set up a payment plan that fits your budget. No use ruining your credit over a small payday loan. This will affect your credit years to come.
PAYDAY LOANS STINK! The political climate is changing and their end is near. Their store fronts are becoming more and more dangerous places to work. Their disgruntled clients are getting smarter, banding together and learning how to fight back. Payday Loan companies offered some valuable service to the community, but for too long, we’ve been playing by the unfair rules written by these powerful companies. PAYDAYLOANSSTINK.COM welcomes them to exist, but its time that the playing field is leveled. Payday Loan companies have proliferated through intimidation and misinformation for too long. PAYDAYLOANSSTINK.COM exists to give you – the consumer & the employee – the information you need to gain the upperhand. To escape their devious cycle-of-debt trap! PAYDAYLOANSSTINK.COM invites every one affected – including employees of the industry – to join in the discussion and learn from each other.
-JUST STOP PAYING! Always remember to put a Stop Payment on your check. It forces them to stop charging interest and negotiate a payment on your terms. Not theirs!
- Did you know that by sending them a simple Cease And Desist letter by certified mail, you can get all of their harassing phone calls – to you, your work and your family – to stop?
-And did you know that many Payday Loan store fronts are blatantly breaking laws every day? That a simple letter to your City Council or your Attorney General could help to shut them down? Or even get some of your money refunded?
-THE “EPP” EXTENDED PAYMENT PLAN – Available at nearly 70% of the nation’s Payday Loan stores, but yet you are never told about the EPP – “Right now your Payday Loan store is offering a three-month, interest-free payment plan for anyone who has a current loan! Save hundreds of dollars in interest. That’s right! Whether it’s Advance America, Check Into Cash, Quik Cash, Check N Go or some other Payday Cash Advance company, just tell them you are tired of paying interest and would like your FREE EPP. The Extended Payment Plan. Ask for it today before it’s gone!”
PAYDAYLOANSTINK.COM thanks you for taking the time to read this quick comment. Our new site has much more detailed information available regarding the topics above. As well as – “Small Claims”, “BBB & FTC Complaints”, “Arbitration Agreements”, Community Forums & more!
There are lot and lots of payday loan companies who give you instant cash loan. The main problem is the interest rate. You will end up paying more interest rate. The advantage being you will get the loan in very short time. Most of the payday loan companies have direct deposit functionality and others have check deposit facility. You can apply online and get the loan in no time!
http://loan-guides.net/payday-loan