Since diagnosed with a rare cancer, I have had to take out some installment loans. I have never missed a payment and have already paid what I borrowed. I am in Florida and just learned that I may not be liable to continue to pay these companies. Is this true? PLEASE tell me this is true!! All this stress is making me even more sick.
Best choice 123: borrowed: $2000 paid to date: $5566.22 ; $506 biweekly until 2/2018
Radiant Cash: borrowed: $1100 paid to date: $2000; $217 biweekly until 12/2017
Loans@last: borrowed: $1000 paid to date: $1500; $262 biweekly until 5/2018
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.