I've been receiving email from ACS INC. regarding a past due loan for $825.64. What they fail to realize is that when collecting monies owed, you must provided who the monies are being collected from. Mistake one...they asked to post my debit/bank card information via email. Who does that? Mistake two...they supplied me a telephone number with a + sign and a 347 area code which it wasn't active. I asked them to send me a postal mail regarding the matter almost 2 weeks ago and still haven't. Not fooling me.
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.