I have a bunch of payday loans that I took out online. I live in South Dakota, which has very lax laws. What do I do? I found out that UCL and Ameriloan are both illegal in my state. What about Cashnet? I don't know what to do. I'm working 4 jobs to try to cover just payments. Please help.
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.