I have already paid $200 towards paydaymax --- and after doing some research last night - came to realize that these transactions are illegal in NJ.
Where do I start??? Can I stop the automatic debits that are scheduled to happen next week before they happen? I definately will repay the original loan amounts --- but, if i can avoid the crazy interest rates and fees --- that would be great. Should I call commerce bank to stop auto debits ASAP or call the ACH companies???
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.