I have a loan with Payday Accelerated and I informed them that it was illegal in my state of Kentucky and they told me I was wrong and that I needed to do some more research. I don't know what to do. I had a loan with Golden Valley Lending and when I let them know that it was illegal in Kentucky they marked my account PIF, no trouble out of them whatsoever. I have a loan with MyCashNow too but I have not yet informed them because I have to send a letter thru the mail, they don't provide an email address. I have a feeling Payday Accelerated it going to keep fighting me on this, even with me providing them with the actual law that shows them it is illegal in Kentucky, what do I need to do? Has anyone dealt with them or MyCashNow before??
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.