Can anyone tell me about Gulf Coast Readers, Inc. and Readers Club Home Office. They claim they are a prepaid service for Magazines. I am trying to get out of paying these people up to 800.00 each for magazine subscriptions. They said I was past the 10 day cancellation date and they cannot cancel my subscription. Can anyone help me?
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.