I ran into a financial burden and wasn't able to payback a payday loan I had though the internet. Legal Mediation Practice called and threatened to turn my file over to the AZ Attorney General's office to have it processed. Eveyday when I come to work I am scared that the police are going to come arrest me. My account of course was closed do to all the NSF fees. So they say because that is illegal they can have me arrested and that I broke the law and my background check came back clean that they just want me to pay up. I am freaking out even at home thinking they are just going to come banging on my door!
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.