Oh please help me. My employer received wage assignment papers. I spoke to the payday loan company which is National Payday Loan. They told me that if I comply with the wage assignment they will just have 50.00 taken out of each of my checks. I owe 444.00 so I would have it paid off in 41/2 months. If I revoke the wage assignment they stated they will pursue a wage garnishment which would cost me alot more. I live in North Dakota and called the state regulator. He stated I do have to pay back the principal only but could not give me legal advice about whether to go with the wage assignment or wait and see if they sue me. The regulator did state the company is an online payday loan company and is operating illegally in our state. I think I am more ashamed than anything to let my employer find out about this. They don't have the papers yet. And I applied on their computer. Don't know if that is illegal or not. Any advice?
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.