It me. ddg. The process is still going and I have to say that I am not stressing at all. I have one company that states they will refund me, but I have to give them more banking information to send the funds. DUH!!
I do have a question. If the company is out of Malta, and I live in SC, don't they have to go by the law of SC? What if the loan contract states their laws govern the loan?
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.