Is this a legal lender for Ohio Residents
Date: Thu, 03/28/2013 - 13:49
Question: I took out a loan on internet with a company called my web funds
based in Mexico. I am disputing that I have to pay them anymore because they
are an offshore lender, and sent them an email regarding this I received a
response that they are not a payday loan company but an installment loan company and contract is binding
How should I proceed?
I live in Ohio the company is mywebfunds I borrowed a total of 700.00 and according to them have made payments totaling 799.19
based in Mexico. I am disputing that I have to pay them anymore because they
are an offshore lender, and sent them an email regarding this I received a
response that they are not a payday loan company but an installment loan company and contract is binding
How should I proceed?
I live in Ohio the company is mywebfunds I borrowed a total of 700.00 and according to them have made payments totaling 799.19
You are right in believing
You are right in believing that they are illegal since they are based outside of the US. You need to revoke ACH/voluntary wage assignment in writing with your bank and your employer. Send copies of the same letter to the lender as well. You need to follow the link and apply every step:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
