If a payday loan company is not licensed in my state and has sold the account to a collection agency, and tghe collection agency is licensed in the state of Florida. Do they have the right to collect the money even though the original creditor was not licensed in FLorida? Will I have to deal with legal reprecussions?:confused:
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.