Some of my lenders are contacting me to say that my ACH debit was refused by my bank. American Web Loan left a message to say that it was in my best interest to contact them because I had already had several opportunities to work this out. Funny thing is, the last debit they did went through on 9/30. I suspect they are no longer able to ACH debit and want an alternative payment. Any way this can work to my advantage? Anyone have experience with this? Thanks!
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.