From reading different posts in the forums, I understand that payday loans are illegal Arizona. So, what does this mean for me if I have loans out? Am I just to pay the principal only? I am drowing and need help to get out of this mess. I don't want to turn to consolidation, as I am current on these loans and they wouldn't be able to help me anyway from what I understand, but I need to get out of the mess now! Please advise!
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.