I have to do this by Friday, as I get paid on Friday (by direct deposit) & I will have over $1,000 in payday loans that will be taken out of my account!!!! I've already spoken with Langhorne Debt Solutions, LLC, and they're saying the first step is to contact my bank & put a ACH freeze on my account. But what happens to my direct deposit??? I set up a savings account to start payments to Langhorne, but I can't stop the direct deposit from happening on Friday!!! HELP, PLEASE!!! :?
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.