Hello everybody. I need to know if Zoca Loans is legal in my state. I live in Ohio. I have a loan for $400 and the payback amount is well over $1,000 with interest! I know I was dumb to take the loan out but it was my only option at the time. I have full intentions of paying this loan back, I just need to know if I need to pay just the principal amount of $400 or will I have to pay all the interest fees also. I believe this company is tribal. Also, how would I go about making payment arrangements with them. Thank you
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.