I am in Arizona. I got an online loan for $700 from Plain Green Loans, LLC that I think is an installment loan, not a "payday" loan. From a previous illegal payday loan, my bank account has been closed. I still cannot afford the original payment schedule that was set up with Plain Green Loans. Is there a way for me to get out of this loan or make payments that I CAN afford and avoid any wage garnishment or civil suit?
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.