Can anyone answer a couple of questions for me? 1. Are the offices of Ed Overcash a reputable company or bottom feeders? The way they handled themselves seemed a little shady. 2. How can I determine if Think Cash (installment lender) is licensed to lend in KY and what my local laws are regarding installment lender on the internet? I found out the Pay Day One is illegal in KY and since both are affiliated with Think Cash I want to do my homework. Any information is much 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.