Today I get a letter in the mail from National Credit Adjusters. The letter is for a settlement offer of 30% off my balance from a payday loan that I had with Cash Direct Express. Has anyone ever dealt with this company? They are out of Hutchinson,KS. They have a PO Box listed for their address. After all the garbage that I have been dealing with Cash Today Limited, I do not want to get sucked into another scam. They are telling me to call them by 2/29 because after that, the offer is void. Thanks again for all the help
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.