I recently posted in the forum regarding 7 payday/installment loans that I have.
After doing research in the forums, I have decided to handle this on my own. Thank you! With that being said. I need a little guidance with Great Plains Lending. I do realize that they are illegal in Tennessee. I wish I had known this a long time ago. I currently have a loan in the amount of $3000. I have paid $1592.14. I am ashamed to admit that I have borrowed from them several times in the past.
So I have overpaid $3267.58. Should I offer to pay the remainder of the principle of this current loan when I have overpaid this much already? I am just trying to sort this all out. Any advice would be appreciated.
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.