I have a loan out with Check N Go and they called me telling that I have two days to clear the matter over a check that just got returned or they will move to their collection department which wil garnish my wages. I called back and told them they needed a court order to garnish my wages. They responded in my contract that they could do so if I did not pay. I'm in AZ. Is this possible? I thought even if it is in a contract, they would need to get an order from a judge which of course, a lawsuit needs to be filled and the defendent properly served.
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.