I have a company called PMB Capital collecting on a payday loan I took out via the internet. I can't find too much information about them, but they say I "bounced" a check over state lines when the security code I gave them off of my prepaid debit card came back as "invalid". I gave the right information and I don't understand how that is the same as bouncing a check...
Does anyone have any information on this agency or suggestions as to what I should do? They keep calling and sounding like they are going to pursue legal action and I can't find any information on them.
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.