I have sent the letter revolking the ACH and wage assignment. I have also stated I want the amount overpaid on loan 1 applied to the balance of loan 2. That would leave a small overpayment that I willnot request back if marked paid in full. I got an email stating they will settle for $550.90, which is the loan amout and fee minus what I paid on this loan. I was advised if I don't make arrangements in 3 days, this will be sent to a collection agency. Has anyone had this happen to them with my cash now?
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.