I filed bankruptcy to get rid of all my debt. Can you believe that some collector called 1st Integral Recovery Services called me regarding my payday loan with the above firm. When I informed "Mr Smith" that I had filed and not to call me anymore.....he advised me that this debt is not dischargeable in bankruptcy. He asked me if I read my contract. Has anyone else ever heard of anything so ridiculous? I told him that it is included in the bankruptcy, gave him my case number and told him not to call me anymore. Just wondering if anyone else has ever been told that they signed something in their payday loan papers that stated it could not be included in a bankruptcy. This loan is from 2/2009 - I know most contracts state that you Have not filed and are not planning to file bankruptcy - but that is it. In Feb I was not planning it. Any thoughts?
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.