I need help with these two companies. What are the laws in the state of CA? For P.L.Y. I borrowed $350 and have paid them a total of $685 as if today. For WWC I borrowed $200 and have paid $890 as of today. I never receive the emails they promise to send instructing them what to deduct (i.e. just the fee, etc.) so they just keep taking the $89. P.L.Y. set up payment arrangements on my balance of $590!! How can a balance be $590 on $350 loan? Any help is 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.