I am still dealing with a few lenders and they show that they have a licence in Wisconsin to lend, however I have read in here that Rise Credit is tribal? Is that true? They do have a license to lend in Wisconsin. Another one that I am still paying on is RSVP loans, they also have a licence to lend in Wisconsin and I have paid well over what I have borrowed so far and it is all in interest, the principal has barely been touched. Am I better to let this default and only pay back the principal? Any help 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.