Hi everyone. From reading through a lot of the posts, I see that 1st Bank of Delaware is legal. I have about 4 months left of payments to them for a $1500 loan. (2 payments per month). This is getting to be too much. $180 a month may not seem like a lot but it does add up. Does anyone have any experience with setting up new arrangements with them or is it useless?
Also, I have a PDL through Arrowhead. It is for $200, I already paid $180 on this. Am I only obligated to pay $20 more to satisfy this debt? I am in MI. Same goes for Payday-Loan-Yes. It was for $350. I have paid back $295. Should I only pay the $55 back?
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.