I took out a loan from Plain Green for $800 and have since made paid them more than the principal amount. I followed the instructions here in the forum, closed the account and sent them the form letter. I got a call at work this morning and was told that this is not a "payday" loan but is a "short term installment loan" but is set up like a pdl. Am I wrong about this? Do I need to continue with 18 payments of $116.23 on an $800 loan? I have seen on here that because it is a tribal loan that it is illegal in all states? Is that true? I want to do the right thing but at the same time, I need to get myself out of this mess of pdl's that I have gotten myself into. Please give advise.
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.