I was debited $19 by this company for an application fee. I swear I never went to their website. My bank returned the $19 NSF and now they have hit me for $44 ($19 plus $25 NSF fee) I have sent this fraudulent company several emails and also notified my bank, Bank of America, who treated me like a criminal. The bank rep seemed to have no sympathy for me and kept stating that I must have applied with them at some point. I told her that they obtained my information through other online business and have never applied for anything with them. They (200 Cash Com)have numerous unanswered complaints with the BBB and they do not care. They charge thousands of people $19 and never give any loans. I am so mad at BOA. She would not even refund my $44 during the investigation. Is that legal?
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.