I am in a cycle of like 10 payday loans 5 for me and 5 for my husband. we are current on all of them but we r trying to get out of cycle. The fees alone are killing us. we got caught borrowing from paul to pay peter plus dealing with paying additional bills . help! I dont want to do bankruptcy and husband will be laid off soon from work so i want to take care of it before then
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.