Can someone explain to me why THINK CASH is legal?? I think I saw that somewhere. I am in Ohio and why don't they have to abide by Ohio laws. They said that they are licensed in Ohio and I could find their license number on the website. Well I can't. I am agreeing to pay $50.00 a month and she almost laughed at me. I borrowed $500.00 and the payments are approximately $163.00 a month. I have already paid them $163.00
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.