I had a payday loan through Spotloan last year. Paid almost all of it but didn't accept my agreement to pay back principal. All of a sudden a person called and said that she's from a collection agency and that she will have charges filed against me in my County if I do not pay all of it and a lot of interest beings. It's an illegal payday loan and I don't believe she said where she was from but my caller ID said Oracle Financial. She calls from a number from my state but the number I'm supposed to call back is a number in Florida. Can they legally file any charges against me for I think she said writing a bad check theft from a loan agency.
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.