Is there one debt settlement trade group such as TASC, AADMO etc etc etc that is not in some way affiliated with Eric or Edward Cherry.........Andris Puuke and a few other members of this rediculous cabal.
TOM321 did good detective work on this there is at the very least losely connected criminal enterprise that have deep pockets and simply bury a company when the scam is identified and pop up like wak a mole under a new name and website a week later.
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.