i know they illegal in ny but how do i handle them am i only responsible to pay them what i borrowed and not the interest if lets say i borrowed 350 and payed them back 400 in just interest only do i still have to pay them back what i originally borrowed do i tell them its illegal in ny i am only paying u the prinicipal what should i do i need help i want to resolve this fast and is its illegal in ny can they really sue me
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.