I have 11 PDL's and have made the decision, after spending time on this wonderful website to take my life and my paycheck back. I am willing to pay the original amounts to the lenders even through PDL's are prohibited in Connecticut. Should I work with T & C, who I have already spoken too....or should I try to handle this myself and let them know that the small loan cap applies? My biggest concern is that they will try to contact me at work. Right now I am not indefault and my next pay day is 4/25.
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.