I have 4 payday loans that I have defaulted on due to some unforeseen expenses and they have just showered my account with NSF's to almost $1000 and my credit union is telling me that they can't close my account until I bring it out of the negative. (WOW). My loans are with
Cashnet USA $725 in which they are telling me I owe $936.25
Integrity Advance is saying that I owe $440 and can't explain all the fees
American Web Loan $500
The Cash Line - they are telling me I have an outstanding balance of $400 but NSF fees of $1,279.04. They keep hitting my account knowing there isn't any funds there.
What can I do. They saying that they are sending investigators after me and just really trying to scare me into sending them some money I don't have.
Is there anything that I can do to stop them from trying to get money from my account and get some control over this situation?
This is one thing I will never do again and that is to get payday loans...
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.