Hi, my student loan (previously held by American Student Assistance) is under wage garnishment. I called the collection agency a couple times. They requested that I send them an itemized list of monthly bills, but have not heard back from them and the garnishment started this week. I continue to call but they do not return my phone call. What can I do to have the Wage Garnishment removed? What are my options? Is there another company out there that can assist me with improving this situation.
By signing up for 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 pay off 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.