Debt Consolidation Forums Payday Loan help forums

can payday lenders take your tax refund?

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hey i am new to here but have the same problem a lot of people have. To many payday loans. I live in California and I closed my account on my lenders and told them that i would make payments if they would send me a physical address to send the payments to. They constantly call me at work and say if i don't make the payments they will just take it out of my tax refund. Can they do that?

Nope...they cant.

Sub: #1 posted on Wed, 12/30/2009 - 04:55

Moderators Cum Industry Expert
(Posts: 17209 | Credits: 4746.14)

The only time your refund can be touched is for a federal or state debt. They are lying to you if they say they can garnish it. Some examples of debts that can touch your refund:

Federal taxes
State taxes
Child Support
Student Loans

Sub: #2 posted on Wed, 12/30/2009 - 09:56

kscornell kscornell
(Posts: 4409 | Credits: 473.19)

Payday loans and tax refund loans are some of the worst legal scams currently available to consumers..In many cases the interest rates start at over 300% annually..
Say "NO" to these types of loans.and find other ways to get your money in short term..The payday lenders know they will make their money because people continuously use them to pay their fees...It's a terrible trap,don't fall into it even once..

Sub: #3 posted on Wed, 12/30/2009 - 19:37

Snczzz Snczzz

(Posts: 8 | Credits: 3.53)

great advice, snczzz.. but the poster already had loans out. what company is this, how much was borrowed and paid back?

Sub: #4 posted on Thu, 12/31/2009 - 02:32

bea2ls bea2ls
(Posts: 3840 | Credits: 370.56)

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