please help! i live in Texas and i have 7 payday loans. i am being harassed by one placed w/a collections agency. i have pd the amt i borrowed 3 times over by paying the fees because i could not pay off the balance 9 i received $200. the fee was $60). i do not want to pay this balance since i have been paying up to now. i had to close my bank acct because i did not have the $ to keep paying them and live also. i am not a lowlife, and i have tried to reason with this one. what can i do?
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.