I am currently trying to close out the few loans I have via the methods mentioned throughout these forums. I have sent the letters to the lendors, and I have put a stop/hold on my checking. I will be closing that account, but I have some issues i have to work out first. But for the time being they cannot debit any funds from my account. This morning, 1 day after the payment from cash yes was to be paid, i got a wierd debit hit my account. its from "spotloan" and its a phone int payment for an odd-lesser amount then was due. I tried searching the web, but im not coming up with this company bein related to each other kinda like westernsky/cashcall/dielbert....
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.