I live in ND and have five payday loans out and I have one internet payday loan out from a company in SD. I can't pay them back. I have closed my bank account. Any suggestions on how to deal with the companies now? I want to pay them back but like a lot of people I have read about on these posts I just can't keep making these payments every two weeks. My loans total 3,200.00. Thats with interest and fees. I did contact one company and they were wonderful. I am paying them 50.00 every two weeks and they are not charging me any additional fees. This company is advance America.
The SD internet company did have a wage assignment clause in it. I don't know where to look to see if this is illegal in ND. Any ideas. Thanks everyone.
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.