i have 10 payday loans out. Yes! I know that was stupid. I put a block on my checking account so in 2 days none of my money will be taken from me and I will have my whole paycheck. Anyways. Should I call my lenders and tell them I can't pay? If I talk to them, can / will they call my references and boss? I can't afford that to happen and I don't want this to cost my job.
I hired pdl assistance to handle my loans but they don't start negotiations until I have some money saved so I fear that I will get my wages garnished and my references and boss will get harrassing calls on me. Someone please help me.
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.