I was contacted by ERS about a student loan at work. He called me by my first name and I thought the voice sounded familiar so I answered him. He went on and on about the debt and what could happen. At the end I'm to send in money and then pay a real low amount each month. But after reading some of these inquiries I don't know if the DOE contacted them or not. I'm just going to ignore the call and send payment to DOE instead. I'm just sorry they have my work number. But they can't hassle me at work that's the LAW and I'll let them know it!!!
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.