hello everybody, Just when i thought that i was getting a handle on this payday loan thing, something else happens. I originally had three. Amscot, who are working with me, very nice people. Then there is cashnetusa and BIG. last week i sent them both cease and desist letters. I have paid BIG approx. 700.oo on an initial loan of 200.00, they want be getting anymore. I tried to work something out with cashnet sending them a payment plan in my letters. Anyway i put a stop payment on cashnet. today i look at my account and it is 700.00 overdrawn. cashnet broke the payment up into two payments. I do not know how long i can take this. All i could do was break down and cry, i am so overwhelmed. I was wondering if i call bank of america and dispute the payment tommorow will they immediately reverse the charge. I get paid tuesday and i am scared that my entire check will be gone, last week i did not have a dime of my check because of all the fee's and charges and i have to pay my rent this week. Someone please help! thankyou
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.