Great Lakes, my loan servicing company, incorrectly states that I am expected to remain in school until 2019. I have no idea where they got that idea (not from me!). My graduate classes ended at end of July 2012, and I will officially graduate in December, 2012, though I have finished all my classes. I'm not even sure when, then, I am officially "unenrolled" by their definition.
Do i have a legal responsibility to inform the loan servicer of their error? Is it in my best interests to do so regardless of any legal liability? Does my school automatically notify them anyway (in reality or in theory?)
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.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.