Give you a brief summary of the problem I'm going through:
I live in Ohio
i got real sick in Sept 2015 and lost my job. I went till Sept 2016 without a job while figuring out my health issues. I have these installment loans from these companies that I am unable to pay back. Can't someone lent me know if these companies are legal in Ohio?
Rise Credit $1500 ($3000 after CSO and interest) Great Plains Lending $1500 ($3800) LionLoans $700. ($2800) Speedy Cash $700 ($2900) Ace Cash Express $700 ($1600)
I have no idea what to do, any advice would be much 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.