Can NOD be filed while loan mod process is in progress?
Date: Thu, 09/09/2010 12:11
I just found out that a NOD was filed on 8/26. I have been working with a company that has been attempting to negotiate a loan mod on our behalf with Chase. I was under the impression that a NOD could not be filed while a loan mod is being negotiated. Can someone please clarify?
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.