I had a loan online with Advance America. I defaulted, and waited until they no longer had it in their offices and sent it out to a collection company since their repayment plan was too much for me to handle at the time. Finally a company called CDR contacted me, regarding advance America. I finally paid off my loan at the end of last year. Funny thing is when I checked online with Advance America, the website still shows me as in default. I remember calling advance America when CDR contacted me and they said yes, work with them since the loan is no longer in their office. So I guess I'm confused as to why when I log into my former account with them online, it says its still in default. Has anyone else worked with CDR? Where do I go from here?
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.