I currently have (2) online payday loans that are killing me and my young family... I don't know how to get out of this cycle... I got the 1st for medical bills and general supplies during a short layoff and I got the 2nd to pay for the 1st... but now I am just paying the fees on both. Can anyone steer me in the right direction?
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.