PAYDAY Loans garnishing paycheck

First you need to find out if Tremont Financial is legally operating in your state. If they are not, they cannot garnish your paycheck.

How can I find out that information?

Also, the amount there asking for isnt what I borrowed. All of the sudden I have all of these hidden fees?

What state are you in? As for the fees, you never pay just what you borrowed. They are charging you a HUGE finance/interest charge. If you want to pay the loan back, you have to pay the principal + the finance charge. If you made any payments at all before defaulting, they were just finance charges and the loan was rolled over.

It is most likely that the payday lender you have your loan with is not licensed in your state. Was it an internet payday loan, or did you go into a storefront to borrow? Storefronts almost always follow state laws and can garnish your wages if it is legally allowable in your state.

If this is just an internet payday loan, send them a letter via certified mail/return receipt requested, revoking any voluntary wage assignment you may have agreed to when you took the loan out, and also send a similar letter to your payroll dept., stating the same. They should not honor the garnishment request from the payday lender if it is not court ordered.

You are not going to be getting your wages garnished...They don't know what they are talking about!! If you are in a state that allows garnishments for consumer debts THE MAX allowed by fed law is 25% of disposable wages per pay period. That's it for consumer debts, no exceptions. They are trying to scare you.

Definitely revoke any and all wage assignments, though..Although they are legal, it is always your right to revoke them. MAKE SURE you get a copy of a letter saying "as of this date I do not authorize any and all wage assignments" to your HR dept at work FIRST!!!! This is called a letter of defense. Really, you don't even have to send one to the PDL, because it is always your right to revoke. But it is in your best interest to make sure they get one to save trouble later on.

Get this to your HR right away, they are not required to notify you of a wage assignment, and you could get a very small check without any forewarning...There is no cap on a wage assignment. I am an HR rep, and I would accept a phone call or an office visit from the debtor to revoke their assignment, but not all HR folks would...So write those letters right away!!!