Fri, 07/18/2008 05:19
I originally took out a "INTERNET" loan with a payday company they had me write a check to them and fax them a copy of this check writen out to them but I actually hold posession of this check. I borrowed 300.00 and have paid them consistantly 50.00 biweekly since November each tiem this was considered a rollover I have now very much so overpaid them and when I tried to do a payment arrangement they declined. So I closed my checking account. Rollovers are illegal in both Florida their state and Minnesota my state. They are telling me that since I wrote a check out and supposedly still owe them money like I agreed to in the contract that they can persue legal interests in me for this check? Does this still work like a check?