I know they are licensed in the state of Ohio, but for a reasonable interest rate, they are charging 249% per a call with them last week. I have emailed them a cease and desist notice 4x as I have paid $690.75 on a $400 loan. I have blocked the ACH's out of my accounts. They replied that it isn't a payday loan but an installment loan, and now I am unable to access my account on-line to review the paperwork.
I just received a call that they are going to start wage garnishments with a court order. Can they do this?
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.