I need some advice dealing with Lendgreen. I received a loan from them on 9/24/14 in the amount of $400. I calculated my total payments to date which comes to $1100. Do I owe these guys anything else? I have already paid well over the principal. They make it impossible to find your loan info. I finally called and found only $10 is going towards my principal? That is ridiculous! It would take me another year and a half to pay off my loan. Basically I want to see if I am obligated to pay them anything else? I know they say they operate under an Indian tribe. Also my state, South Dakota, wasn't listed as one of the states they couldn't lend to. Please help!
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.