:confused: This loan has put me in a bad place.. I borrowed $300 and was told the interest was $90...four payments of $90 has been deducted from my account.. total of 390.00 I was told this would be a payoff.. I spoke to someone on the phone name unknown.. advised $140.00 would be due each month... I just received a call from a supervisior no name was given.. what a rip off ..I am going to report this to my bank as a fraud..no help from these people.. I am having heart surgery on Friday and can not deal with this..:rolleyes::lol:
By signing up a debt 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 payoff 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.