I pay my mortage before it is 30 days late. I called my mortage company at 2:00 PM PST on August 29 to pay using their phone automated service. It will not post to my account until Sept. 2. I called the Mortage company and asked why it did not post today. I was one hour late. They stop posting at 4:00 PM EST and I will be reported 30 days late. Is this legal?
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.