I am dealing with a really hard handed pdl company called Cash Transfer Centers. I am currently in this cycle of getting the loan, paying it off and having to reloan in order to pay other bills. I have currently been paying them approx $700/month in interest and have tried going through a debt consolidation program and they refuse to even discuss a payment plan. They are to the point of calling my family members and have even sent a notice to my payroll department - this is for a loan that was due on 8/7! What are my options here? I have tried numerous times to offer them a payment plan and they get downright nasty with me - even calling me a loser and telling me I need to just pay my bills... I am at my wits end!
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.