Hi there.. For probably a month and 1/2 my checking account has been overdrawn due to pdl's. I finally stopped my direct deposit since my bills are all WAY past due. And Im trying to handle the pdl situation. My boyfriend is also on my account, but he has his own checking account. Will I be unable to open an account anywhere else because of my overdrafted account? It's in the red pretty bad... Or does it get reported to chexsystems after it's been closed and there's still a negative amount? If I had my name added to his account is there still a chexsystem verification? Thanks for any information you can give me Laura
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.