I really need some advise. I have many payday loans, which I am NOT proud of and want to close my account with my bank but the bank is telling I cannot because some of the transactions have not posted. Today 2 of the PDL's posted and now I am overdrawn!! I did open a new account somewhere else but now I am worried that when it comes to my payday, I will have these other pdl's getting into my account and causing all kind of overdraft fees. Any advise on what to do? I sure am open to anything right now!! 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.