I have PDL's with the following companies and not sure after reading this forum that they are legal in VA. I looked up and cannot find that they have a license in VA but not sure and would really like to stop paying them any more than I have too. I have paid the principal and more on all but one where I owe $110 to achieve principal but have way over paid on the others.
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.