I am hearing several things about payday loan laws in Arkansas. Some people say that payday loans are legal here. Some people are saying that they are illegal. I am totally confused. Which one is true? I have 3 payday loans. I want to get out of them?
Everything I read says it is illegal in Arkansas. You may want to contact your attorney generals office so that you have the information directly in front of you when dealing with the payday loan people. They are gonna get pretty aggressive once you stop paying them, the more you know the better. I suggest that you call your attorney general and get the information that is relevant so you can read it directly to them when they start their reign of terror when trying to collect an illegal debt. Good luck and keep us posted.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.