I live in PA and I took out an online payday loan with plain greens over two years ago. I've only paid the finance charge once and had to stop the payments because I was so far behind in everything else. I am now receiving calls from Queen City Arbitration. I am willing to make $100 dollar payments biwkly to pay off the $600 loan. However, Natalie from Queen City Arbitration says that I can pay $100 biwkly, but will have to pay a total of 1650.00 if $600 is not paid by the end of November. What can I do?
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.