I am from Ohio and currently have a $2600 loan with Cash Call. I am a commission only sales rep, and my sales have been bad. My bank account is short this month, so I know I am going to default. Since I know this is coming, can I contact them and let them know that I am aware and see if they can give me a lower monthly payment? Basically I just need to know what my next step will be since I'm sure their ACH will be rejected.
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.