I have closed my bank acct and have gone to a credit counselor for help. They will be sending proposal and the minimum payment required by law to the PDLs. Problem is finding out their mailing addreses. Anybody have suggestions on how to make them give me the address or do I wait for them to send a collection leeter and use that one.
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.