i received a loan from a relative and in return they asked me for a post dated check. When the date on the check had come i informed them that the money was not in there.They ran the check anyway and it bounced,and caused others to bounce.When i called them to let them know they told me i had to give them all of the money right then.i did not have it. Yesterday a civil service person delivered a summons to appear in small claims court because they are suing me for the bad check.i live in ky,what should 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.