I have been reading this site and i think it is great. I have pay day loans from hell... However, i have about $3000.00. I had to close out my checking account because of all the fees. I have too many payday loans. They where not worth it. I am in worse condition now then when i started... I do not know how to get these down. And they are all internet payday loans.
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.