I have defaulted on a plain green loan in Ohio. A collector is now handling the debt (National Check Resolution) and I set up a payment plan to repay the debt. Are plain green loans illegal in Ohio? My payments are $236 for the next two years but the loan was for $1,000. Is there anything I can do? They threatened to have me served and was harassing an old boss of mine from a previous job. Are they allowed to do that? They told her I was involved in a fraud case but I haven’t ignored any of their phone calls. Anything helps!
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.