I live in the state of Maryland and I currently have four payday loans. All of these were internet loans. My loans are as follows:
Money and More Advance $255 (0 paid at this time).
NLS Payday $250 ($79 paid)
Huskhawk Group $300 (0 paid)
Cashnetusa $500 (102.96 paid)
I contacted Longhorn and PDL Assistance, however I would like to try to handle myself with some assistance from all of you of course. I am not sure about the fees that they charge and I have heard some horror stories about these agencies. Both of these agencies recommended closing my account, which I have done. What should be my next step?
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.