webpayday and payday online. i saw that there state had no maximum apr. i have defaulted on these and have paid well over the amount i borrowed what are my options. payday online was 750 and have paid 1200. webpayday was 500 and paid 600. i checked with my states guidelines and i have to refer to where the company is licsened at. are these 2 even licensed anywhere?
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.