My husband and I have 6 payday loans total. 2 with Plain Green, 2 with Great Plains, and 2 with One Click Cash ( 1 of each in each name). We live in PA and we have paid off and got the loans again just to keep our heads above water. Is there anything we can do? I have read about them being illegal, but I am a bit confused. I know we have paid them at least double the principles in interest. What is the next step?
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.