Good Afternoon, I want to first say that I am new here and have found the information you have listed extremely helpful. Thank you to all that contribute your time to help others.
With that being said, I like a lot of people on here fell into the PDL trap. I thought everything was going to be ok and that I could handle it and before I knew it, I had 5 different loans from different companies. I want to take care of my obligations, but am really struggling with these loans as it takes just about all of my paycheck every 2 weeks. Below is the information on the loans that I have:
Dash of Cash
American Web Loan
Cover Me Cash
Lend Me Now
As you can see I have paid / overpaid the principal on 3 of the 5 loans. I did try to look these lenders up to see if they are legal and it is not showing as any of them having a license in IL. So, I guess I am wondering if the "sticky" on how to go about revoking withdrawals and wage garnishments is still accurate? I am also curious if any other community members have dealt with any of the above lenders and if so have you had success?
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.