I am being threatened with a lawsuit from an illegal payday lender that I had a loan with a couple of years ago. I live in Kansas and the payday lender is Big Sky. I do owe them money, but when I found out they were illegal I didn't bother to pay it back. What steps do I take to make them go away? And how far can they take this since they didn't loan to me legally?
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.