I have several loans out with various payday lending companies. One of them has been taking 60 out of my account every two weeks for probably about 4 or 5 months now since I have been falling farther and farther behind and have not been able to pay off the original 200 balance. It is from emerald marketing. I have no number for them and there isn't one one my bank statement either. I am just curious as to how that works in Michigan and if they owe me money as they have taken out about 3 times my original principle from me just from interest.
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.