I recently closed my bank account due to losing a purse and to try to get away from PDLs which I am overloaded with.. With the fees and the pay downs - I could not make the payments. I am curious what companies are legally licensed in the state of fl. I have loans with:
ameriloan - 200.00 borrowed - 240.00 paid back in fees
Zip Cash - 300.00 borrowed - 270.00 paid back in fees
MyCashNow - 340.00 borrowed - 316.55paid back in fees
ThinkCashNow - 750.00 borrowed - 77.09 int/8.14prin
As far as I have found out, it is only legal to have one payday loan in the state of fl. What can I expect?
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.