Does anyone have experience working out an extended, extended payment plan with these companies? I'm in Maryland, so I think they're legal as CSOs. These are my last two loans, and they are big ($1800 Cash Net USA and $1425 Check n Go). I have had luck in the past with requesting an EPP from Cash Net USA, but it's been for 4 payments, and I need really need more time this time around -- trying to catch up on everything else that has fallen behind because of these loans. I was wondering if anyone has had success working with these companies? I'll try calling them before the loan comes due, but if they won't work with me, is it better to let the loan default and then deal with them? Are they more willing to work out payment arrangements once you're in collections?
By signing up for 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 pay off 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.