I need to know my rights. I received a call at 4:50pm on Feb. 1st, 2007 saying Henry Jay was an investigator and was filing check fraud charges against me first thing in the morning if I didn't pay $575 ASAP for a payday loan. I asked for the information and why I wasn't contacted earlier and he had no response. He just kept telling me that I would have my license showing a warrant and I needed to take care of it within 10 minutes. I live in MN. What are my rights? I can't find any information on this company (either the payday loan or the collector) but I have the phone number for the collector.
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.