So all my loans illegal/legal with the except of WS/CC are done, paid, settled. I had a Spotloan loan and I sent them all the ach/wage revoc letters and paid back the principal months ago like in early June. They haven't contacted me once or anything but when I log onto the account it says I still owe like $750. Which is all "interest". I took out a loan for $500 and I live in Michigan. Should I be worried that they'll come after me? It's been like 4 months and haven't heard a peep. Seems odd.
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.