Within the last twelve days, a company called "Grant Pro Subscriptions" has attempted to put through a physical check for $49.95 in my checking account. Both times it was returned, because of NSF, but it has generated two $29 NSF fees. The first one I finally got refunded, but it was a major hassle - hours on the phone, calling back talking to different people...etc.
Now, this morning, another one was attempted to put through. The picture of the check has my signature forged on it, but they have my email address and checking account # on it. I NEVER give out my checking account # unless it's a utility bill or something of that nature that I pay online. The only thing I can thing of is that someone sold them the information. There is no phone number to contact them ( I asked the bank), and the website they listed just hangs and hangs...never actually goes to a site.
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.