I had taken out a payday loan and was unable to pay it back in full. I was wanting to set up arrangements for re-payment but instead they are threatening with wage garnishment. I know that payday loans had become illegal in Arizona last year so my question is what exactly are the able to pursue? I want to pay my debts but not through garnishment.
By signing up for 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 pay off 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.