I am currently in a DMP that is in the process of sending proposals to the creditors that I have past due accounts with.
Unfortunately, they are having a problem verifying a BOA account that was sent to chex systems about 4 years ago. BOA is stating that the account never existed even though I have provided statements to my DMP from BOA with the account number on it.
What can be done about this entry into CHex Systems and how can I get BOA to send me something in writing indicating that this account cannot be located
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.