live in Ohio and am stuck in Payday loan hell(my fault). I have a few loans out that I cannot pay at the terms of of the loan. All the loans are internet loans. range from 600-3000 dollars. Are there credit consolidation programs available for this. I want to pay but at this point my paycheck is gone just paying the minimum. I have not defaulted but I most likely will. Any information you have would be helpful
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.