Is their a way to stop pdl ach withdrawal so I can get my account back in the positive on payday and close my account. My bank told me the couldn't do a general ACH block on my account, that I would have to put a stop payment and pay for each company. Which we all know they are known to have several names. I bank with sovereign and live in PA. I have 10 loans so I want this viscious cycle to end. I am not in default, am current, and plan to eventually plan to pay them all off. Thanks
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.