Yesterday I went to my bank (TD Bank) and had ACH revocations done for 6 payday loans which were scheduled to debit my account this Friday 7/24. They were for: Eastside Lenders, US Fast Cash, National Payday Loan, Biggest Cash, Web Payday and One Click Cash. Some had already renewed.
I have a government check direct deposited and an ACH coming out for Internal Revenue Service, so I can't close the account. It takes the government 8 weeks to change banks.
What's my next step to get out of this payday nightmare?
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.