Thanks to the info on this board, I have been able to fight back against WS/CC. I revoked my ACH back at the beginning of the summer, and filed a complaint with the State of NJ Department of Banking and Insurance.
A few weeks after filing my complaint, I received a call from an investigator, telling me the State is looking into it. I never thought I would hear back after that. Today I received a call asking me to forward my loan documents to him as the Attorney General is planning on filing in court soon. The Investigator did not say when, since the AG has had the information from the Banking Department since 2011, but it certainly sounds like it may happen sooner than later, it is an election year after all.
If you live in NJ, file a complaint with the Department of Banking. The more of us they hear from, the more motivated the AG might be to join the other states that have filed.
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.