I sent a settlement letter to great plains 2 day ago ...I follow Ohiogal letter sample ....I have not heard a thing from them...is this normal....I stoped paying this loan 6 days ago....I have not heard a work from the collection dept...also does Great Plains use an outside collection company...I only owe $245 on the principal and offer then that.....
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.