Are all tribal loans illegal or does it depend on what state you live in? I am in Texas and I have three payday loans that are from tribal lenders; Spotloan, Majestic Lake Financial and Loan at Last. Are all of these loans illegal? If so how? I'd like to be able to explain that in my letters as I have already paid off the principal loan and then some on all three. Am I entitled to get some of my money back? Any help is 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.