I've done the research. I've talked to the OFI in Indiana and as of today we've spoken to the bank and closed our account.
The gal at the bank, while not a manager, was quite helpful and had heard our story before. One major difference in ours is, we've closed the account before the PDL debits could take anymore of our cash and our account wasn't in the negative numbers.
I've got he C & D letter ready and I think I have the addresses to send them off to.
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.