I have a loan through mypaydayloan.com, I put a block on them and my bank is working great with me on keeping them from drafting again. I emailed them the laws of Iowa and a validation they will not accept payments of the principal only. They also stated that they have reported to a check reporting agency to show I have a bad check. Has anyone dealt with them and do you know if they do report you as a bad check writer
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.