In November I borrowed 200.00 from cash advance usa in Florida I live in Minnesota. The interest rate is 608.33. I made 10 supposedly interest only payments of 50.00. It is illegal to rollover loans in MN they did it 10 times. My bad I dated a check that was faxed to them on 11/8 to get them to stop debiting my account I closed it. From my calculations they owe me but I could be wrong? I am not sure if they are even legal.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.