I have store front payday loans in Ohio. I also have two internet pay day loans. I can not afford to keep paying them as my husbands overtime has been cut at work. I have talked to the pdl assistance people and am considering doing their program. But they can not help me with the storefront loans in ohio because ohio prosecutes. Does anyone have advice on what to do about those ones. Also is it illegal to close your bank account?
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.