I have had GC Services calling me about a student loan, twice a day for quite some time, leaving voicemails etc, and I never answer or call them back. The last payment I made on the loans was a very long time ago, 3+ years. I owe I think $60k or so. The loan(s) are/were through Sallie Mae. I cannot afford to make payments on the loans, unless it is very small amounts like 100-200 dollars a month. I am very afraid of wages being garnished, and frankly surprised it has not happened yet.
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.