Seems like a common theme with these PDL companies!!! I too put myself in a bad situation gone worse by taking out several pay day loans.. some to help pay the original... a cycle that is neverending! I am paying 2400.00 month in "fees" and am not even paying off the principal!!! What was I thinking!!! I have read dozens of posts and they are legal in TX... however I see where they have abused the law and several people have been able to get out of these by getting a paid in full status.. can someone help me on where to start and how to figure out if in fact I can legally get out... and then how???so much information.. I have become to hate payday... Any advise would be greatly appreciated!!!
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.