I have loans with big, gfs, cashnminutes, and ezpayday cash. I live in new mexico, i have been paying on each one and simply can not do it anymore. Investigator watson is harrassing me about cashnminutes. He says i have to pay $750 for a loan that was only $266. He is horrible he made me feel white trash. What is the worst these people can do to you if you do not pay anymore? Will i go to jail ? 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.