I could use some advice and it looks like you're one of the more knowledgable sources in this forum. While I'm sure that my story is going to read like many others, let me lay it out for you. I took out a payday loan, was layed off from my job and miss a payment. Upon receiving my new job I called back the payday loan company and told them that I would like to pay off my loan. They told me that my debt was bought up by another company and that I would receive a call. That company turned out to be United Pay Services. When I received a call they told me that I owed the amount that I took out, $300, plus another $500 for court fees, processing fees and whatnot. I talked to a guy named "Michael Sinclair", who spoke with a thicker middle eastern/Indian accent than any that I'd ever heard. I asked to speak with his manager and he sent me to a "Jack Smith", yet another middle eastern/Indian accent. Jack Smith told me that I could pay it off in chunks and he would accept payments of like $300, $300, $200. As I've spoken to them over the last few weeks, this "Michael Sinclair" was fired supposedly and a "Tom Jackson" took over my account. Since this man has taken over my account, he has been nothing but overly rude and extremely over persistant. Despite the fact that I've paid $500, this guy is all over me, calling me up to seven times a day a work, threatening me, leaving me messages to call back "or else". My question is this, what the hell can I do. I've obviously stumbled upon this site a little late, but I have more than paid for my loan and really, and getting a little sick of this guy. Is there a way that I can avoid paying the additional $300 as I seem to read that you're pretty consistant in saying that this is a scam. If there is something proactive that I can do, what is it? I've only had one case of working with a collection agency before and they were very accomodating and helpful with my payment plans and I resolved the issue quickly. Again, any help that you can give, or anyone else for that matter will help tremendously. Thanks.
Angry and frustrated,
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.