I have read through many threads on this forum and am trying to go through the correct steps in my head to clear the PDL trouble I am currently in. Here is the information I currently have collected that I belive will help in lending me advice. Thanks in Advance
State: Texas All loans Internet Loans
CashNetUSA borrowed $1,400 Paid in interest: $1,426.36 Paid in principal: $895.04
MoneyandMore borrowed $255.00 no payments
Impact Cash borrowed: $350.00 Paid in interest: $420.00
MTE Financial borrowed: $300 Paid in interest: $360
Paychecktoday borrowed: $300 Paid in Interest: $90
PaydayOnline.com borrowed: $300 Paid in Interest: $810.00
Paydayonline.com 2nd loan borrowed: $200 Paid in Interest: $240
STCAdvance borrowed: $200 Paid in INterest: $666
From what I've read it seems my first step would be to close my bank account but with the last bout of PDL withdrawls, my account is negative and I won't be getting paid until Sept 1. This also means I have 2ish weeks before another round of withdrawls hit.
Please advise me on the steps to take to clear this up, I appreciate all the help.
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.