I was notified by my employer that a rep from Allied-Interstate had contacted them asking me to get in contact with their rep. I believe this may be over a defaulted student loan, which due to financial situations I have not been able to make payments on. Simply put....the money is not there. It has been 12 years since I signed on to the college at which I incurred that debt....can they still harrass me over this?
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.