Can a company that hires independent contractors hold payment owed to them? I am asking for a friend of mine. Her husband is an IC for a carpet installer. They are holding, I think, two weeks of his pay. He then asked for a $30.00 loan out of that money that is his and the contractor said he would but at a 30% interest rate. But the money he wants to borrow is his. Can the contractor do this? Any information is appreciated. They really need their money.