Hi. I live in FL. Have atleast 9 payday loans. I've read some posts but still not sure how to start with getting these companies off my back. I know I've grossly overpaid and by doing some research I think most of the companies are practicing illegally according to my state's statues on the subject. I need assistance in what to do after I close my account. I would also like to know if I can get in legal trouble with the bank for having NSF.
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.