Well now I have to act. I had been trying to plan out what my best course of action would be to handle my PDLs. It looks like the checks for two storefront PDLs I have bounced last night (Cashland and Check Exchange). My bank account is now overdrawn almost $700 and I donÃ¢â‚¬â„¢t get paid again until the first of AugustÃ¢â‚¬Â¦ :cry: Has anyone had any luck negotiating payment arrangements with either Cashland or Check Exchange after defaulting? Also what should I do when they call? Should I just tell them then that I canÃ¢â‚¬â„¢t repay it now and I want to setup some sort of payment arrangement? I have another loan coming due with Checksmart on the 25th and Advance America on 8/1 that I am going to have to try getting EPPs setup. So now I have to figure how to make it through to the 1st and have the money for to get the EPPs goingÃ¢â‚¬Â¦ I know a lot of you have gone through the same thing.. It just feels a little bit better to vent about it. :)
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.