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I have a loan with Rapid Cash Management. As far as I can tell they are located in the UK. I have been paying the refinance fee or $89 for 5 weeks now. They will not take payment on the loan unless I pay it in full, which at this time I am unable to do?Any suggestions on how to deal with them?
do this
so they debited 449.75.unless you borrowed that,or more you owe nothing else.secure/close your bank account.then go to the sticky on dealing with illegal lenders in this forum.that will give you everything you need.
The loan is considered as illegal since it is located in UK. You owe them nothing more than the principal balance. As you have already overpaid them, so ask them for the refund. Simply close down your old bank account and open a new one to stop debiting money from your account. Don’t worry, they can’t do anything.
Just a piece of advice, when you owe debt on illegal loans, you should not opt for debt consolidation as you don't owe them the interest rates. Settlement will be a better option then.