I live in Missouri. I had a loan with Great Plains Lending in in 2014/2015. I borrowed $1300 and paid back over $2600 before i had my bank account stop this from happening and ended up closing the account. This is reporting as a charge off on my credit report but I read I only owed them the principal and I'm wondering if there is any way to get them to stop reporting this as a charge-off on my report, I'm trying to correct the report.. I also have one from Cash Central on there but I haven't looked into that one yet. I saw you gave advise to someone else on GPL so I'm wondering if you know of anything I can do. I appreciate your help and time on this.
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.