As job losses increase in the Dallas-Fort Worth area many people are living paycheck to paycheck and feeling forced to take out payday loans just to make it to the end of the month. But many of those people find that they are not able to repay the payday loans even once they receive their paychecks. So now payday lenders are starting to use a collection tool called "voluntary wage assignment." Voluntary wage assignment is where the borrower agrees to willingly have their employer deduct a specific amount of money from their paycheck to repay the payday lender. It's similar to a garnishment with one major difference, the borrower agreed to it by signing a contract with the payday lender. Surprised? Don't be, a voluntary wage assignment is now quickly becoming standard in payday loan operations. If you're taking out a payday loan do not sign a "voluntary wage assignment" under any circumstances. If you have already signed a voluntary wage assignment, you can revoke it by sending a letter to the lender. It is important to note that payday loans can be discharged in bankruptcy.