okay I have loan and I closed my account so they would stop takig $74 out overy payday. I have been paying then $74 a payday since March..so roughly I have paid at least $740 on a $200 loan. I have closed my account, should I give my new checking information and continue to pay, or just settle with 247advances when they contact me for non payment? or from what I have read have i paid my loan back and no longer owe anything?
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.