I am wondering if anyone has had any good experience with Check N Go collections. I currently have a loan that defaulted that I need to set up a payment plan for to get it paid and done with. I'm worried that Check N Go will not be very flexible with the payment plan. I'm assuming that they will want it in no more than 4 payments and I really can't pay even that right now. I have attempted to block them from debiting my account and I paid a $25 fee to do so and it FAILED! I really don't want to close my bank account as I have already done this one other time before.
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.