I took a payday loan with Loanshoponline.com in June. I took out $400 and to date have paid back $860. They say I still owe but haven't deducted from my checking account this month. I checked with my local BBB and they are not approved with the BBB and have a F rating! I called the Delaware Banking Commission as they list their address as DE but they have no record of them.Is their a limit to how much a payday loan can take in fees? Is there a way to find out if this co has went under? I am in Ohio.
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.