My husband and I have six storefront payday loans in Virginia. The companies are:
Money Mart - $500 for my husband and $500 for me - $75 fee for my husband, $75 fee for me Check'n Go - $500 husband, $500 me, $75 fee husband, $75 fee for me Advance America - $500 husband, $500 me, same $75 fee for each of us; Approved Cash Advance $500 husband, $500 me; same $75 fee for each of us; Check Into Cash $200 husband, $30 fee; $450 me with $67.50 fee and finally ACE Cash Express, $300 husband with $45 fee and $340 for me with $51 fee. In total we owe approximately $5335. Does anyone have any suggestions? We have done bankruptcy before and that is not an option. We already have a second mortgage on our home and have entered into a debt consolidation agreement with a company to pay off our credit card debt. We need help. Asking relatives is not an option. Does anyone have another suggestion?
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.