I just reported them to the FBI and BBB adn will do so with teh FTC once the Government re-opens. I am currently enrolled in a debt consolidation program adn 2 weeks ago a Mr. "Danny Taylor" called to say he was from ACS, Inc. and was hired as a 3rd party represetning one of my lenders. He said that this particular lender did not go through debt consolidation programs and I needed to settle outside of the program with him. I stupidly paid $600 and found out today via my debt consolidation program that they are a complete scam. I am beyond upset but have learned an important lesson! Do not take their calls, ignore them ndeport them to everyone you can report them to. This must be stopped!
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.