What do I do? HELP I need info in PAY CO and much more!!!!
Date: Sat, 08/23/2008 10:59
I have a total of six pay day loans MTE, Loan SHop, United Cash Loans, Pay CO, Zip 19, and One CLick. I have reviewed may of the forums about the process it appears all these lenders are illegal, I am in Indiana, I have closed my account, and plan to contact BBB, attorney general, and FTC as well as sending emails and letters to these companies revoking all arangements and authorizations.
1. I have almost repaid all these loans with finance charges alone
2. My account is closed
3. I will do the complaints.. pending a better understanding of how companies will actually respond to these?? If the company is illegal then do I have to pay? The letter I send is stating that they must provide me with contract agreement that was signed a physical address and history of what I have paid, and I have revoked all authorizations, but it appears as if these companies still call and try to pursue you.. And I looked at so many unresolved disputes on the BBB site, after I send letters and complaints on a illegal company am I obligated to pay them anything? Please help... I am afraid these people are gone to harrass my references and contact my employers, I have to get a jump start before 9/3 when none of there ach's go through my account... And I really need more info on PAY CO.. Please helo
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.