I called them back. They stated they were collecting for "Direct Cash Loans" who were a parent company for several lenders, including Speedy Cash, Check N Go and other store front lenders. I became somewhat skeptical at that point. I have never heard of Direct Cash Loans and am not really sure that Speedy Cash and Check N Go have parent companies, as such. They stated the usual, "blah, blah, blah, I had willfully refused to pay my loan, etc," and they were going to turn my case over to the State for further action as I owed $800. Yes, I have had several payday loans before. I told them I had to have a validation letter sent to me in the mail, which they were seemingly very compliant with. They still sounded pretty legit. I am just wondering if anyone is familiar with this collection agency and if they are for real or a scam? Meanwhile, I am waiting for my validation letter which I am willing to bet will never show up. Thanks!
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.