I had a loan with Red Leaf Lending. The loan was for 500.00. I paid back 450.00 of it before I discovered your website. I owe them 50.00. I closed my bank account to stop the withdrawals and also sent them the letter from the forum stating the New Jersey laws etc. I told them if they sent me an address I would send them a money order for 50.00. Today I received a phone call from Efinance (VIP Loan). I found the Cease and Desist letter on the forum, so I emailed that to them right away. Fortunately before I emailed Red Leaf Lending my initial letter, I went on and printed my account (which doesn't give much detail just the current payment that was due). After emailing Red Leaf, I was no longer able to access my account. How should I proceed next?
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.