I have learned over the weekend that the 2 payday loans I have one from plain green the other from discount advances have been issued cease and desist from ny and the site for discount advances is down and pgl ach did not hit my bank as it usually would ..I live in nj and I had already pay 450 of the discount advances loan which was 890...plaingreen I had already paid 2400 towards a 2200 loan ...are these companies done for.I have had multipe loans with both companies with accounts still current. ..being that these loans are both illegal in nj I should be owed a refund ??
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.