I'm sure you all know the pain, I've felt like my world was collapsing over the past couple of months. I never knew this resource existed and sure glad I found it. I'm overdrawn in my checking account and just trying to get back to normal. I have a LOT of loans. From what I see, I may even hold the record. Very humiliating. Ready for it to be over. Please help, anything is SUPER appreciated.
I'm including a summary of all loans. I live in Texas and curious what the best course of action is. First I want to identify which lenders are ILLEGAL in Texas. Then I want to determine how to handle the remaining LEGAL loans. They are all Installment loans, except for Advance America which is a PayDay loan.
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.