i recently sent letter to my illegal lenders requesting a refund of over payment of the principal. one has not replied at all gentle breeze , and the other bayside cash online replied once with the first simple letter stating i knew they were illegal and wanted refund. they claimed i had to follow laws of belize blah blah...so i sent another letter including my state laws and more serious actions/ consequences if they didnt comply and havent heard any thing since. i was just curious if i should pursue them further since i way over paid the principal or just let it go? any advice would be greatly appreciated.
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.