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I had loans with the companies: 500fastcash.com. osl/ssm marketing, oasis1, and a few others. I was told these are illegal payday lenders and that I am not obligated to pay anything back to them. They might be operating outside the US and even if I paid them back, they could still debit my account. Was wondering if I ignored these companies, would they send the collectors after me or can they do anything? I heard they use intimidation tactics to get people to pay etc...... Can anyone help??
If your lenders are illegal, then you owe them nothing more than the principal balance. No interest, no fees. Don’t worry, they can’t do anything. Don’t share any personal information with them. Close down your old bank account and open a new one to stop debiting money from your account.