In the middle of a PDL NIGHTMARE. Reading and following instructions here, I have knocked one out in less than 24 hours.
Lender: Sierra Financial dba Sierra Lending
They have been KILLING me with finance charges on a $400 loan. Of which I have overpaid approximately 3 times. I emailed them one of the sample letters in this forum stating I need them to provide me with proof of their license in Texas, stating laws in Texas, revoking ACH, requesting a refund and only allowing contact via letter/email.
Less than 24 hours later, I have received a cease and desist email from them and a paid in full confirmation.
THANK YOU. THANK YOU. THANK YOU.
My only regret is not seeking the help of this forum sooner.
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.