There is so much information on therse forums on PDL's. What paper work to send? What to do with your bank acoount? Is the PDL legal or not? ETC ETC ETC.... I love this website, gave me lots of insight on what to do now that I got myself into the mess I did. But where are the stories of people who actually won this battle? People who either consolidated their PDL's or worked their butts off to pay them off never to apply for another again? WHERE ARE YOU PEOPLE? I WANT TO HERE HOW YOU DID IT AND HOW IT FEELS TO HAVE FREEDOM FROM THIS NIGHTMARE!!!!!!!!!!!!!!!!!
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.