Hi, I ran across this post of a gentleman that was having some issues with payday loan companies and I saw someone commented and referred him to following your instructions to handle his issues by his self. Well I have found myself in a rather sticky situation. I was fleeing from a bad relationship and looking for quick money to get me and my girls a home. I ended up gettign a $2000 and a 1500 loan which is now costing me 800 per month, there in no way I can afford this... How can I get this consolidated?
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.