Maybe we should have a new forum on this board started,listing all the these advance payment loan scams.That way when people find this forum,they can go directly to,THESE LOANS ARE SCAMS for example.We can add them as we find out thier new names.Its getting hard to keep up with them,since there seem to be so many now.The following is a list of some I found posted on this board,I may have missed a few.These are all scams,they will ask for money upfront for the loan,either by Western Union or money order.Do not send these people money,you will get nothing in return.There are many sad stories on this board from those who got scammed,Please read thier post before you think about sending anyone your hard earned money. [color=red]The following companies are all Scams,Do not send them money :!: :!: [/color] Primtime Lending Medallion Financial Service Colonialsfg World Financial Solutions Allied Mutual Freedom Trust Investors Plus Credit One Great Liberty Capital Ace America Sentericmutual Alliance Funding Corporation Lockhart Capital Funding Global Investment Group North American Financial Service Bellintin AKA Loan Alliance Transcredit Financial Vancouver Trust Valtrus Capital Tribeca Lending Group Capital-trust.net
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.