Hi... i have a couple of online payday loans that i can't afford to pay anymore. They have turned them over to some law firm (so they tell me) i tried talking with them on tuesday & they won't let me pay 50-75.00 monthly on them untill there paid off. They say they are going to take me to court if i don't come up with 200.00 this week.... I am really scared. I am a single mom with 2 kids at home to take care of. I am on ssi benefits due to severe back problems. I have no one to turn to. I got these loans last christmas 09...For 300.00 each & made probably only 1-2 payments in january of 2010. Now they say i owe them 1,200.00. I don't know what to do?????
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.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.