I'm in CA has anyone ever delt with these people? I took out a loan for 600.00, found out they are not licensed in CA and sent the appropriate e-mails stating I would pay the principle of the loan only. No interest charges. I did not receive any response to my e-mails, now they are calling me at work daily. When I asked for an address to send a money order they get nasty, make threats and hang up on me. Any advise?
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.