I curently have payday loans with Great Plains and Plain Green . I obtained thse loans over the internet and I live in Georgia. Great Plains deposited an amount of 1,000 into my account on 12/17/12 and I am currently paying 301.12 per month until 12/16/13. Plain Green deposited an amount of 1,000 into my account on 9/20/12 and I am currently paying 257.35 per month until 9/15/13. The interest rates on each of these loans are well over 200%. I think the loans that I am paying are illegal and in Georgia. I've read the advice on your website, and I plan to take action to stop all future payments. Is there a way for me to be sure that I can legally revoke the loan agreements that I have with these two lenders?
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.