If I make more than 6 on-line transfers in a month from my savings account to my checking account, I get charged a $9.00 fee per transfer after the first 6 and there's a possibility that my savings account could be converted into a checking account. However, if I make more than 6 withdrawals from my savings account at an ATM or using a teller and deposit those withdrawals into my checking account at an ATM or using a teller, then nothing happens.
They say this is because of federal regulation D.
I don't understand the logic here, that I get charged a fee for doing it one way, but I don't for doing the same thing another way?
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.