School says that 2 years ago, I was overpaid in student aid.I requested debt validation and they sent me a list of charges. One of the charges listed was for Direct unsub and sub. loan. Neither one of these charges are shown on the national student loan data systems for students nor on the loan service site (nelnet). I asked where the charges come from and I have yet to receive a solid answer. As a matter of fact, I have received 3 different answers. I pay any debts that I come to owe, but I refuse to pay anything that I do not owe. I added up the charges and they do not match what is show in the nslds system.
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.