Just got of the phone with them, and opened an acct. The only thing is they wont let you have the "free" acct at first, its 7.95 a month, and you have to open a savings acct and deposit min $25 each month. For me thats a no-brainer. Or maintain a 500.00 bal. Either way, its a good deal. i think if it goes below, or no monthly sweep, there is like...a $4.00 service fee. They operate in AL, FL, TX, AZ, CO and NM. If you use me as a referral, we BOTH get $25.00!
Just letting you guys know; options are out there!
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.