We have 4 PDL's out. Like most people we took them out because money is short everywhere. Well, as of today my wifes hours at work have been cut way back and now theres no way we're gonna be able to pay even the minimum on these loans.
We're prepared to close our bank account but from what I've been reading here, these places may not even be legal in Indiana.
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.