Well, I heard from my ol' buddies at United Cash Loans again yesterday afternoon; they went through their usual spiel about wanting their money, I went through MY usual spiel that PDLs' are prohibited in the State of Maryland, that I was working with the State Office of the Commissioner of Financial Regulation and that I was told to refer any and all calls, e-mails, etc. to them. Goes without saying United Cash Loans didn't want to hear that; he started in on how what I was doing was illegal, they were going to "start procedures against me," and so on. I asked the man if he felt that I was doing something illegal, would he be willing to send me a written statement on company letterhead with valid telephone numbers (NOT their usual 000 000 0000!) that they were indeed operating legally in the State of Maryland? He kept on with his threats - I said, "excuse me, would you answer my question?" He said, "Good Luck" and hung up! I mean, are these people unreal, or what? If these outfits - especially the internet ones - are indeed on the up and up, why aren't they willing to work through legitimate channels? (obviously a retorical question! :D )
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.