Here's my situation. I Currently dealing with 6 payday loans. My bank wouldn't let me close my checking account and open a new one due to my past. I'm a nervous wreck now. Two weeks ago, I did put a ACH block on all my payday loans and it worked. I'm just afraid they might use a diffferent name for my next paydate and still get money out of my account! I'm also nervous because the lenders have not contacted me about this. The lenders that havent said anything are the cwb services (sandpoint, insight capital, vandelier group) only cash taxi and ideal gelt called back.
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.