I have a hard ach debit block on my account and it's been a pain in the patoot! I put it on to prevent think cash from debiting my account again. I have also told them not to debit my account anymore. (I'm paying them through T & C) I went on their website to look up my account and it says my account is past due, blah, blah, blah, and my account is not set up for electronic payments. In your opinion, does this mean it is safe to take the hard block off of my account?
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.