Please call your senator and urge them to support this legislation to curb the deception being carried out by Bill Collectors and Telemarketers. If you do not know who your federal lawmakers are, please go to http://www.congress.org/congressorg/home/ and enter your zip code in the left column under "Write Your Officials" then clink on the "info" link under each lawmakers name.
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.