I have a PDL loan with Astro Lending. It was for $300 and I have paid almost $1000 in fees to them and they're still debiting it from my account every payday. I don't know what the laws are in TN but it seems like this is a little out of control. Can someone tell me if there is any law that would prevent them from being able to do this. I would like to take care of this without having to close my checking account. Thanks!
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.