I am in payday loan HELL. I originally took out a payday loan to pay some past due bills. I know I have two store front payday loans and two online payday loans. I am a single mother and trying to make the ends meet, I ended up in this cycle. Now I'm struggling to pay bills, feed my child, have to fill gas to get to work. I am on the verge of evicition and have nowhere to go. I am looking for some advice on how to get out of 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.