I have struggled over the years after a divorce and sometimes used payday loans. On one income it is really hard. I have worked part-time but still struggle. Right now my problem is 3 payday loans. I have been sending them money every month but Cash Transfer is threatening to garnish my wages. They keep contacting my supervisor at work saying get a message to me. Can you tell me if the 3 loans I have are legal in Virginia.
Cash Transfer - borrowed 600.00 owe 862.00 paid $ 400.00
Getem Cash - Borrowed 300.00 owe 562.00 paid $ 100.00
Rocky Boy - borrowed 300.00 owe 360.0o paid $ 100.00
Thu Nov 14, 2013 4:21 am
All the above mentioned lenders are illegal in your state. You owe them only the principal balance. Don’t pay them any interest or fees. Just close down your old bank account and open a new one to stop debiting money from your account. Don’t worry, they can’t garnish your wages, they are just trying to scare you.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.