Does this relieve me of all my obligations with this PDL as well as mark my account as paid in full? I just wanted to make sure this completely closes my account with them and they won't continue to debit my account. I doesn't give me my overpaid monies back but I guess that's okay as long as I don't have to pay anything else!
Mutual release document:
This mutual release, executed between B&L Marketing and XXX, account number XXX, is intended to effect the elimination of any obligations by either party as hereinafter designated.
Whereas, disputes and differences have arisen between the parties with respect to that certain contract entered into by said parties and executed on August 4, 2008, both parties have agreed to settle said disputes and differences by executing this mutual release.
Whereas, both parties recognize that by the execution of this mutual release, they are relinquishing their legal rights with reference to the herein mentioned disputes and differences, both parties agree that in this consideration of this execution of this mutual release, and for the added consideration of the account being marked as paid in full, each party for his, heirs and assigns, expressly releases the other party, and his heirs and assigns, from all liability for claims and/or demands which may arise from that certain contract referenced herein.
In witness whereof the parties have executed this mutual release on the day and year stated above."""
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.