I have defaulted on them and am in the "limbo period". I had closed out my bank account, and opened a new one at a whole different bank. Well, now I am leary because my Imagine credit card comes right out of my account. I would like to set up the ACH payment on my new account, but not sure.. As a matter of fact, I pay ALL my bills online. Is it still ok to do that or will it make my new account somehow fall into the hands of the pdl's?
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.