Hi. I am late on my payday loans by 10 days. I contacted a PDL company called paydayloanrelief. They sent me forms to fill out, but something in my gut is hesitating not to send in the paperwork. Please help me. They are asking for almost $1,000 in a designated account that will automatically be drafted every month. Meanwhile collection companies are calling my job, threatening to garnish my wages. I do not want to lose my job right now, especially since I am up for a promotion. Any suggestion you can give me regarding this would be extremely helpful. Thank you.
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.