I have a loan with each of these ,companies and have already sent them ach revocation emails and have closed my bank account. I have also sent them a repayment plan via Western Union or money order. However, AMT has already sent an email stating they are under federal law not state law. (I live in Florida). My first question is how or do I respond to this. My second question, is what are the chances they will contact my employer. I really don't want to talk to my employer unless necessary.
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.