I have PDLs with 3 companies--Ameriloan, One Click Cash, and Discount Advances for a total including interest of $2000. I live in Pennsylvania. The payments were being made via ACH transfer from my checking but effective with October's payments none of these companies were permitted to take the payment via ACH. I have not paid them. They have called and left very nice messages that they were willing to work with me but I have not called them back. I call it the ostrich syndrome-bury your head and it will go away. Why are they not permitted to use ACH? Ameriloan and One Click Cash websites are still available but Discount Advances website has been taken down. Are any of these PDL providers illegal. Really worried. Any help, advice, experiences 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.