Loan 1 is Plan Green Loans Original Amount borrowed $1000 Monthly payment is 121.42 I've made 10 payments totaling 1214.20 Current Principal balance is 825.42 14 remaining payments.
Loan 2 is Mobiloans Original Amount: $600 I've added to it 3 times (90,115.50, and 57) So total principal borrowed is 862.50 Looks like i've paid a total of 974.81 Current balance is 580.57
So I've paid more than the principal on both loans. Are these even legal in South Carolina? I can't find anything that says yes or no on any site that looks official. If I'm obligated I will keep paying but if it isn't legal then I'd rather not keep paying all the interest.
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.