I had a credit card opened in my name by my bank without my authorization. Then when i asked why and how they could do that , they said "we don't need wriiten(a signature) or recorded authorization to open a credit card" after they auto pre-approved me!?!FDIC regulates them and says they dont need a signature on an application or any recorded statement that I agree to open this card. I would think that would be a standard, fundamental rule for ANY issuer of a credit card, right? Funnt(not at all actually), when I told the head people at my bank what happened, they immediately terminated my account and said I was not to contact them and I could pick up my money or they would mail it to me. Just can't believe a bank doesnt need a signature, voice recording, or even a application to approve you before they open a credit card in my name. FDIC lets this bank have that loophole for what reason I don't know.
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.