I received an email reply from mobiloans stating they could not settle my account but the emails address was thinkfinance. I Google think finance it appears they are a debt collections agency. I also discovered that think finance along with 6 entities including mobiloans are filing for chapter 11. I believe the court date is in April . Could this be the reason they don't want to.close my account
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.