so just found this website which is awesome....i too fell into the payday loan trap. i have outstanding loans through the vip loan shop, ameriloan, united cash loans, discount advances, and zip19. i was doing fine i have a good job but then i got sick and was out for awhile then car taxes so on and so forth. while doing research ive realized that payday loans arnt even legal in connecticut with very strict laws so how was i able to get one in the first place??? my only option i believe is to close my checking account and get a new account number although ill be able to pay off two of the loans the rest ill let vip loan shop, united cash loans, and ameriloan go to collections (the last two actually have the same address ive found out). does anyone have any advice to give me besides to not take out another loan. advice esp. me being based in connecticut will greatly help. thanks.
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.