I am being harrased by a collection company for school loans. I offered to pay $50 a month and they wont accept. The girl said I can pay $95 a month or I will be garnished. I am on state assistance and barley making it. There is no way I can afford this. Adding the $50 a month is pushing it. If I am willing to make a regular monthly payment do they have to accept it? Are they able to garnish knowing that I am willing to pay all though not the price they laid out for me. I live in louisiana
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.