Does anyone know if these two places are one in the same?
I haven't heard anything from them. Until last Friday I got an email from CPD. Then today I got one that actually listed customerservice@mycashnow. They were threatening to take legal action ("where you would have to appear in court") if I don't pay 1400 dollars in seven days.
And, I've paid over 700 dollars more than what I borrowed already.
Advice? Anyone else get this notice from them? Is it a scare tactic?
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.