Hi Soaplady, I noticed you have answered a few question regarding GPL. I live in WI and had a 1,000 loan from then back in July. Upon looking at the WI payday loan regulations, the max amount including fees & interest is 1,500 and 90 days in duration. I have already paid about 1,2000 total but they are claiming I still owe due to interest. Should I send them a letter with that information stating I will not make any further payments, or what is your suggestion? Everytime I call them its a different story, or they "lost a payment" (I keep all my receipts), just very suspicious. I don't feel I owe them another penny, please advise. Thank you very much!
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.