I followed procedures of revoking ACH for several payday lenders. Some complied. One did not, and in fact debited 2/3 of the original loan (something in the fine print I did not read perhaps? - learning lessons the hard way), leaving me overdrawn. Also bank issue - they didn't block it even though I provided copies of the certified letters I sent along with the receipts. I will file a dispute with bank, which to my understanding is their policy, even though I explained the laws (REG E) that I read about. More stalling, I imagine. Anyway, I tracked the letter I sent to the lender, and USPS said, "no one was authorized to sign for the package." Meanwhile, I sent the letter directly to the Collections department in plenty of time and not during holidays! Are they scamming me? Do I send another letter? What if I call and verify address? How do I know the same won't happen again? I am learning as I go...I am sure this will be a painful process, but it's a life lesson. Thank you for any advice you can give
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.