Hi, I have been reading a lot of the forums regarding Payday One and Rise Credit. I live in Ohio and currently have a loan with Rise Credit. Some personal things have happened and I fell behind and am unable to make the full payments. I offered to pay them $100 a month but they refused.
I know Payday One is a licensed lender in Ohio. And I am little confused on some of the answers that Rise is illegal because it is a part of the tribal lenders. It doesn't state that anywhere on their website and my loan agreement states that the lender is RCL Finance out of Arlington, Tx. Can someone please explain to me whether they are legal or illegal in Ohio. I really need some help with this stupid loan.
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.