I've gotten myself in a mess! I owe FOUR payday loans this week and in no shape to repay. Each are for $500 which means I owe $2350. Easy Money, Check N' Go, Check Depot and QC Financial. Are they are all required by Alabama law in BRENT to offer the extended payment plan? For other reasons than this, my checking account has a "lock" on it.
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.