I unfortunately got scared by national enterprises systems. I am 60 years old and a widower and was afraid they would take me to court and . I other things. I told them I could only afford 75 dollars a month to be taken out my bank account unfortunalely I am about to lose my home to foreclosure and I would like to stop payment to them or lessen it a whole lot. I am afraid if I call them they will record me on the phone, Is there any way I can stop the deduction from them and write a letter to them without going to jail or getting a garnishment in my paycheck. I live in the state of virginia
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.