Hello my name is Nicole and I am in need if help.
I took out a 1500 loan from mobiloans 1 year and 6 months.
I feel like I can never finish it off, I looked on the account and says I only have paid off 200 dollars which makes no sense!
Is mobiloans illegal in florida?
How do I get out of it??
Every month I have paid 256 dollars for 1 year and 6 months which adds to $4,608! I overpaid them :(
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.