Hello all, I have been on here for the past 3 weeks and I am on my way to breaking the cycle. I have had 1 PIF notice since logging on for the first time so I am very excited. I already closed my account and redirected my pay to another account. Im getting alot of calls from GFSIL and Cash Today Ltd those people are playing hardball but i will not budge.
As far as CTC, I have had probably 20 or so loans from them over the past year. They take the fees and Principle 15 days after the issue date in full. I now know that the rates and fees are outrageous plus they are illegal. My most recent Loan was for 1250.00 now they are asking for a total of 1,685.00 roughly. My question is should i tell them to go pack sand because i have probably paid that much in excessive fees over the past year or tell them i will pay down principle ONLY. I live in Florida and i have already sent them a revocation letter and all the other info ive learned on this site. Thanks
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.