I am in illinois and I currently have 5 loans and I am so scared. I need to put a balance hold on my account, I know but I am paying them so much, I know I have paid off at least two of them, here is the list: Huskhawk group-325 paid $440 in interest Summit group-325 paid 300 and its in collections at pdm and I was told they were going to garnish my wages up to 30% and I would have to pay $2500 in fees mte financial-390- paid 270 in fees so far Chieftan financial-260 paid 180 in fee STC advance.com 274 paid 444 in fees
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.