Finally done with all the calls.... Magnum Cash advance will stop payment this week, but I will incur "daily" charges. United Cash Loans will still attempt to debit, but will send to collections when it doesn't go through. But get this, they will not report to credit agencies and they will still offer me a loan! I said forget about that. They said they won't hold the collections against me! LMFAO! USFast Cash absolutely won't work with me...and will still attempt to debit my account then send to collections right away.
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.