I have been giving cashnetusa $100 a month through my debt consolidation program. The last payment I was a little late but I sent messages to everybody. Well back in June I revoked their authorization to debit my account and put a hard hold on my account. They even tried to debit my block account a few times before I made the payment arrangements. Since July they have been getting monthly payments from me. I went back to using my account thinking it would be cool cashnet agreed to the payments...WRONG. I come to work and look at my account,(I work at the bank) and cashnet decided they wanted to pull $592 from my account. I was so ticked off...I immdiatley called the 1-800 number because the downstairs area wasn't opened yet.) Since the transaction was memo posted (meaning it hasn't completly cleared the account yet, but the funds were still held from me) they were able to put a stop payment on it. Since I revoked their authorization months ago and they were not authorized to pull that my bank is having me file a fraud case against them. They also waived the $30 stop payment fee. I sent cashnetusa a very nasty email telling them about themselves.
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.