I recieved a phone call from a place called Legal Mediation Practices this morning. They stated that I had till noon to day to come up with the 369.00 owed on a payday loan. I have spoke with the cash advance co. serveral times and was yelled and screamed at because I do not have the money to pay this back. I have calmly tried to explain to them that I have been off work and in traction for 2 1/2 months. Of course they don't care...I am conserend now about the noon dead line and the statement that the police will be here to enforce all state and Co. laws on this. Is this leagal, and if it a CA then do they not have to inform you of that?
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.