I can't seem to get any clear info about this lender and if it is illegal in the State of Michigan. We have been paying them over a year now on a $3.500 "line of credit". We have paid above and beyond principal balance. We have contacted them to have ACH deductions revoked. I'm not sure what our next step with this company is since I'm not sure how they stand legally. Has anyone here dealt with them? Any input would be great. Thanks!
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.