I currently have four payday loans and my bank account is negative $400 how can i stop this vicious cycle? one of the loans I have is with cashadvancenetwork, the ACH was returned unpaid because of NSF, but they keep sending it through Everyday! and every day its another $30 fee from my bank it never ends if I revoke ACH authorization,can they print a check on my behalf and submit it for payment? should i close my bank account? I also have payday loans with 500fastcash,unitedcashloans (all internet loans) and i have one with FASTCASH (storefront) i borrowed 500 and have paid 85 week for the past 3 months! i dont know what happens if i default with them because when i initally got the loan per their policy, i gave them 2 personal checks one for the loan amount and one for the finance fee in all they totaled about 800 can they do this? what was i thinking ?? i hope someone can answer some of my questions by the way i live in Texas what are the laws for these payday loan Co in my state?
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.