no
It is possible they could if they took you to court. Yet, if you don't pay off your loan when it is due they charge you more interest plus fees, so your debt to them grows each week/month. This is a bank owned company so they do have means to collect the debt.
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
You bet they can, and they will.
Yes.
Every payday until your bill is paid.
They only can provided that they are legal to operate in Ohio and that they have a judgement against you first. Payday lenders have tried to garnish wages by sending a garnishment notification to clients human resource departments but this is not legal. Only the federal government can garnish wages without a court order.
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
if i signed a wage assignment at a payday loan company in illinois can they garnish my wages?
Yes
What do you mean "illegal"? If you signed a promissory note, and did not fulfill your end of the bargain, that individual or company can sue you. If you do not show up to defend yourself, they will get a default judgment and can garnish your wages.
You bet they can, and they will.
Yes.
Can a payday loan company garnish my wages or levy my bank account, assuming they are successful in getting a judgment against me.
Every payday until your bill is paid.
They only can provided that they are legal to operate in Ohio and that they have a judgement against you first. Payday lenders have tried to garnish wages by sending a garnishment notification to clients human resource departments but this is not legal. Only the federal government can garnish wages without a court order.
If the creditor sues the debtor in civil court and is awarded a judgment the judgment can be executed as a wage garnishment.
No, but your credit will be ruined and the loan company can garnish wages, take tax refunds, and get into your bank account.
If you signed a contract in which you agreed to have your wages garnished should you not pay back the loan, then yes. There's more information at www.getecash.com