i followed all the steps provided in this site in regards to dealing with PDL'S. the only thing i haven't done was close my account. i just took it upon myself to just change banks... but my question is am i entitled to pay off that negative balance at my previous bank. FYI the negative balance is an attempt from the PDL'S. they have stopped though
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.