Thank You - A MUST READ FOR ANYONE WITH MULTIPLE PAYDAY LOANS
Date: Thu, 09/27/2012 21:53
I wanted to post to say thank you for the knowledge and POWER to get out of these payday loans. I simply copied the letter you guys suggested and just sent them off. some companies tried to strong arm me but I held firm and only paid back the principal of what was left, and even got a $450 refund from Loan Shop (they were the easiest to deal with) Ameriloan, United Cash Loans, and Magnum just simply stopped debiting and when I log into my account it says thank you for your business, if you have any questions please feel free to call us. I know I can never be out of the woods, so I will be closing my account and opening a new one in the next week or so. ANYONE who is in trouble and is reading this. It took me 6 weeks to get rid of 7 PAYDAY loans and saved me literally thousands of dollars on accumulating interest. Thank you so much for this community, you didnt physically save my life but the burden these debts were taking on me were affecting my mood and life style. I am no longer paying $2,000 a month just on interest. Thanks so much and I hope everyone gets out of the troubles. AC:D:lol::sun:
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.