I have HSBC on my DM program with T&C and they are still charging me over-the-limit fees of $30 a month. I'm currently $180 over the limit. I called them myself and offered to get the account under limit by paying $150 in two payments if they would waive at least two of the OTL fees for June and July and they refused. They are only getting $15 a month and they're charging me $30 in fees. Sometimes they charge two OTL fees for $60 a month. How am I supposed to get them paid off at this rate? T&C said they are supposed to reage the account. When I started with T&C in January I owed them around $300, now I owe them almost $500! I'm tempted to let them take me to court so I can show the judge I've been trying to pay them, but they won't cut me any slack with these fees. The other credit cards have all worked with T&C but not HSBC. Anyone else have any experience with them?
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.