I have eleven Internet payday loans. I am over my head in interest and I know it. On other forums I have seen that Internet loans are legal in Louisiana. Three of my payday loans was for five hundred an I have paid over 1000 in interest. What can I do to get this stopped. I am closing my checking acct tomorrow but will they be able to file charges against me
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.