I live in South Carolina and have three store front payday loans and two internet loans. I am struggling on making payments and are unable to make the payments. I currently have three extensions but know when they come due I will not have the money to pay them. Here is a list of them. Internet Magnum $450.00/$171.00 every two weeks. Think Cash $908.58/ $98.43 every two weeks. Advance America $600.00 plus $90.00 in intrest. Check n Go $600.00 plus $90.00 in intrest. First American $600.00 plus $90.00 in interest.
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.