Got some spam in my email a couple of days ago for a Christian pay day loan company. I can't believe they would use religion of all things! Besides it's written in (I'm thinking in Exodus) that God told the people that if you lend money to your neighbor charge him no interest. I bet this PDL will smack God right in the face on that one, some Christian company.
By signing up for 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 pay off 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.