I live in California and have 15 payday loans currently. I got into trouble at the beginning of the year and took out a couple to pay rent. then had to take out more to pay other bill and the interest fees, basically it has just snowballed into a nightmare. How do I get out from this? I was reading some of the forums about putting stop payments and revoking wage assignments and am just very scared and confused. My next payday is this Friday and I also need to pay rent this week. If anyone has any suggestions for my next/first step I would be eternally grateful.
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.