Hello all. I have overpaid on 2 rollover loans through the internet. 500 fast cash and b&l marketing. I live in ohio and I have just found out that rollovers are illegal here. Tomorrow I plan to either close my account or put a debit block on it. Will they harass me for doing this? I definitely DO NOT want my employer contacted over this bs. Especially since the loans are paid in full considering the rollover fees have definitely more than covered the principle amount borrowed. Does anybody have any info on these companies?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.