I live in Nebraska and have had a couple payday loans that I'm trying to end the cycle on. They are with the following:
Plain Green Loans
Big Picture Loans
Ive paid more than the principal on all of these and I did file complaints with my state attorney who did say Nebraska State Usury rate is 16% and doing further research looks like I'm only responsible for the balance.
Mobiloans has refused to work with me or answer any complaints at all and say my account will be charged off after 60 days which is in a couple days.
Are any of these lenders actually able to sue me or send me to collections?
After I have these loans done I'll be out of this horrible cycle!!!
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.