Hi guys, I'm new to this group but not new to the situation that we are all in. I live in Florida and have 4 ipdls. They are ameriloan, Loanshop online, United cash loans and kenwood services. I'm researching how much I have paid these guys and will post this soon, but my first question is, how many of these are legal in florida? I know i have paid Ameriloan over 600 for a 300 loan. The others as I said I'm still researching. Can anyone tell me which ones are legal and which ones aren't? This will help me decide which plan of action to take.
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.