Hello, I was in payday loan hell 2 years ago and thanks to this forum I am done and have moved on. I have received a few calles from a company called Schwartz and Seigel. Two numbers: 313-925-3214 and 347-765-0925. They leave a 1-866 number to call back. They are warning me of a court filing in my county, blah, blah, blah. Advice?
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.