I received a pre-appoved credit card from Walmart asking if I wanted to apply for the card. I did and then was turned down. Upset that I was pre-appoved and then rejected. Sounds fishy. Why would GE Capital Retail Bank do that? I really did not want the card , but it seemed to be a good idea to save on the discount they have saving on gas purchases saving 3 to 4 cents per gallon if I used the card. Upset by the fraudulent pre-approved statement.
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.