Please help me with getting out of this payday loan trap. I've tried everything that I could to find a loan to wipe them out. Now I have ten of these blood-sucking loans. I can't pay my bills and I'm working overtime just to pay their financing fees not even reducing the actual amount. I know I've paid them ten fold. I have only one store front here in Tampa, FL all the other ones are internet. I feel so awful that I have got myself into this mess. Do debt consolidators help? Everytime I search the internet I get more of those offers instead of help.
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.