I sent revocation emails to my illegal payday lenders on Friday, May 4 and I have still not heard anything back from them yet. I have put a hard block on my account so tomorrow when I get paid they should not be able to access the funds. My question is how soon do they usually take to respond. When I went on idealgelt's website to log into my account to see if anything had changed it basically said that I still owed the principle plus the interest and that my next due date was 5/23/2012 and then it said activation pending. I also have not heard from my other lenders Shoreline Onle and mp processing. It's been really quiet no calls no emails no nothing.
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.