It is nice to see that I am not alone in getting the run-around with PNC. Our HELOC came due last December. We tried to renew the loan but with our current huge income loss they denied it and said it was due in full. I tried applying for a hardship program or modification - no response. I have now quit paying for 6 months. During that time we tried for a hardship program 3 more times - no response. Now it has been charged off. Just found that out today in fact. I don't even know what to do because we do not have $$ for a cash settlement. Does anyone know what the next step will be from PNC????
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.