I just got a call from United Cash Loans. I've never had a loan with them. I've read some of the forms. Do I have to worry they'll take money out of my account? I have never given them an account number or had a loan with them. The number they called from is 800-587-9648. The only reason I know who they are is I did a reverse search.
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.