I have a loan with BofA since 2004. I sent in a payment in July of 09 they refused it and sent it back. In August 09 they informed us our loan was behind. Sent Certified funds as advised to bring current. Did not hear from BofA until March 2010, the house is up for Sale. BofA applied the funds to Escrow and not the loan. I have contacted them and have only received the run around. Not sure what to do. Is there some where I can complain? Do I send a complaint to the Attorney Regulator that a crime has been committed, fraud.
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.