i have called 2 of my pdl and little loan shoppe waited till i begged and gave 2 options, one to pay at later date or another to make monthly payments and send them in mo to them. I was sooo excited, but at first he said i was such a new loan there was nothing they could do. the other i called was ameriloan and i found out littleloan shoppe and ameriloan are not authorized in mich. Anyway ameriloan said they cant do anything unless im deliquent so to not let my next payment go through then i could do arrangments!! how wrong is that. you would think they would be happy to work with the ones in good standing, but i guess we are the ones they figure they will get the money from.
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.