Can anyone refer me to a payday loan consolidation company that works with you before your loans are in default? I have been told by several that they cannot help me because my loans are under $5,000.00. My debt is around $2500.00. I got involved in them when my husband lost his job due to being diagnosed with cancer. Now I want to get rid of them and it seems impossible since my income does not allow me to pay huge payments. Any help is appreciated
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.