:confused:Hi. Thanks for so much for the great info on this site. I am a bit confused, though. I live in Kansas and have several pdl's. I am current on all of them, but drowning. I have Plain Green Loansand Great Plains Lending (installment). Are these illegal in Kansas? I read that if they are, I am only responsible for principal? If I could get the interest stopped, I could pay off quicker. I also have Cashnet Usa, SpeedyCash, Mobiloans, which are open ended lines of credit. I think these are all legal. I am not trying to get out of paying these, but am considering closing my bank account and defaulting so that I can work out payments plans. What advice can you give me? Any help would be 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.