:confused:they voted on a bill that would cut interest rates to payday loans. The voters approved this bill so does this send a signal to the other states who do not have a bill limiting the interest rates. They want to cap the interest rates at 36% way to go Montana. Hope the other states follow suit and cap the interest rates. :confused:
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.