I have a open loan with Plain Green and I have paid bi-weekly payments of $126.74. My financial situation has changed and I can't afford paying that much every other week so I called them and asked if we could work out a more suitable payment plan and they said flat out no. At this point what are my options? Are these loans even legal in Michigan? Thanks
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.