I was speaking with a neighbor last night listening to her complain about bills and thinking of using a payday loan. I came clean and told her the mess I had created and what I was doing to try to clear it up. She was sympathetic and I think I stopped her from doing the pdl thing. But when I got home from work tonight...she left a note on my door saying a friend of hers was a para-legal...and he said if you signed a contract, even if it was over the 'net...you are required by law to fulfill it.
Does that negate everything we are trying to do?? I am getting more confused by the minute here...Help!!!
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.