I have a $1500 loan through AWL. I have repaid just over the $1500- I live in WV where there is a cap on interest rates- can I revoke the ACH debit to my checking? I still have 19 payments of $219 to go... I am sick over the amount of money this will end up being, I was desperate at the time and didn’t read the fine print.
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.