How can I get out from under payday loans? I am in way over my head with payday loans(5 I am embarassed to say.) I have one coming due at the end of this month for over 1300 and there is no way to pay it. I was robbing Peter to pay Paul so to speak. I feel like I am in a desperate situation and I need some very quick advice about what I should do now. I am not sure where I went wrong along the way and I will never take out a payday loan again.
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.