this is not a question, but a statement. it probably my suspision, but all of these places i have never heard of before are sending me emials and calling me to get me to take out loans. i think some of them are traps because i closed out my checking account so the only way for them to get access to the new one is to solicit my info which i refuse to do i am down to my last $2.00 and $1.00 of that will pay for my coffee tonite at my second job i refuse to do anymore loans. if i have to suffer a little so be it. this has been a very expensive and humbling experience that i never want to go through again. i am still in the process of paying off my loans and seems to take forever. not to mention i had a serious setback a couple of weeks ago and even though my pt job did not come right out and say it i think they are going to let me go i hope not but i am seeing the righting on the wall.
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.