I just received a phone call from a Dorthy Farmer from this loan mediation inc. saying that I owed Ace Payday and that I would be getting called into court on 12/26 if I didn't pay them the 179.00 I owed and the balance of 475 there after. So I called my local authorities when they told me that it would be turned over to a different county which I live I knew it was a scam. Also looking at the fact that I have never had a payday loan through this company as I have went on the payday loan website and they do not even service my state.
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.