I really want to get out of the cycle. If I didn't have these payments, I would be ok financially, but large chunks of my income are going to paying these. I can't seem to find which are valid lenders and which are illegal to sent the letter to. I have recently submit an ACH revocation to a few of these.
Balance Credit $2500 owe $2700 paid $3500 - $298 every 2 weeks
Elastic $2500 owe $2500 $200 every 2 weeks
Cash America Today $500 owe $300 $150 every 2 weeks
Spot Loan $800 Owe $850 paid $1000 $150 every 2 weeks
$ Loan Center $2500 owe $2000 $240 every 2 weeks
These were all taken via online, I live in California.
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.