Has anyone had any problems in Rhode Island with Loan Point USA??? I took out a $500 loan and to date have paid them $600. As far as I can tell they are not legal in Rhode Island so as far as I am concerned I have paid them what I owe and they actually owe me $100. I have sent them a letter stopping my ACH with them via email. They replied and told me to call Customer Service - when I did they were rude and said that I only paid interest on the loan PLEASE HELP ME - my next payment is due to come out tomorrow for $150 and i need to pay my rent which is late.
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.