I am so ashamed! I panicked and took out another payday loan over the net and now I don't know what to do. I had to close one bank account before and now they just keep taking money out of my new account because I was stupid and got into pdl land again. I thought it was with mypayday but the notice I got said SDS and I don't know who they are. I don't have enough to make any extra payments on it and it just keeps 'renewing' at $60 every two weeks. That may not sound like much, but I am in such bad shape....okay..I am in Oklahoma; the company is SDS Processing or somesuch; I borrowed 300.00 and have 'paid' 300..I hope that is what info you asked for
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.