I sent an email to Check N'Go (installment loan) on Monday revoking authorization to debit our account any longer and offering to make payments via money order. They responded that they can't honor my request and payment would still be due (tomorrow). We have a car payment, electric bill, childcare, etc.. that HAS to be paid before this loan. I'm going to my bank today and I don't want to look stupid. Do I just ask for a hard debit block and explain to them what is going on? Also, my hubby's direct deposit will go through tonight and we need that money. Will the block prevent us from withdrawing money tomorrow? We also have our rent check that our landlord has had since the 3rd and still hasn't cleared our bank.
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.