I am new this this forum so I hope some of you experienced veterans can help me out. I signed up with Langhorne debt solutions today and was told that I should inform my bank as soon as possible to stop all ACH transactions on my account and change my account numbers. Has anyone ever done this before? If so how did it work out for you?
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.