Magnum Cash Advance - There is conflicting information about whether they are legal or illegal. They are licensed in Delaware. Does this mean they are legal in any state that only requires a license in any of the 50 states to issue payday loans? I live in Tennessee and was told they are illegal, but TN only requires a license in ANY state, so it would appear they can legally issue payday loans in TN. Please help!
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.