Help! I've got six outstanding payday loans, each total $300. I was able to secure them against my only source of income, my social security. Stupidly, I kept getting new loans thinking I'd pay off the prior one. Now with owing this much I can't get out from under because I need the $255 (left after they take $45) to survive to pay rent, etc. Is there anything at all I can do? Can I try seeing if I can just pay the interest until I can repay the rest? I've also got medical bills, other bills and I'm drowning. I would appreciate any response or suggestions. I won't ever do this again but right now I need some peace of mind.
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.
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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.
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