have several payday loans out and i simply can not pay them anymore, they are killing me. I have placed a stop payment on them which did not work, so now i want to close my account, but i am scared of getting in trouble, Taht Travis Watson guy is already calling saying he is INVESTIGATOR Watson and if i dont pay a certin amount next week, i will be served on my job and be made to appear in court in austin tx. What do I do ? Close the account, check into pdloans assistance programs that you pay so much a month, or pay nothing else? I am so confused!!!!
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.