Can anyone tell me how I check to see if a company is illegal? I have 8 loans Midland ameriloan NHC NLS CMG Group SSM Group United Cash Loan
I originally took out $300 with one company and $200 with another. I ended up with 4 deposits of $300 in my account. I have been paying anywhere from $450 to $540 every 2 weeks for the past month just in finance charges and paydowns. They are killing me financially! Any advice would be greatly appreciated
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.