I am in Va and had an old payday loan that we paid off in cash about 5 years ago with Ace Cash Express. I have no documentation to show for it now however the company no longer does payday loans. I have been getting calls from a Washington, DC phone number and now calls coming form Atlanta, Ga telling me that I have to try to negotiate a settlement amount or else I I will be taken to court and also face jail time if not paid. How do I handle this?
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.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.