I was recently looking for a loan on the internet (bad idea I know) but I went to one of those places that refers your loan. I got a call from Variety financial offering me a loan. AND YES they wanted 2500 deposit. Once they asked me to wire the money to Canada, the red flag went up. I called the state they were supposed to be located and they did not actually reside there or have any licenses. I did put a complaint out there for them.
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.