My wages have been garnished for about 5 years, last june my employer was sent a letter saying that the department of education did not know where to apply the latest payment my employer sent in. on my "myeddebt.com" page on the bottom its says "AWG process complete" does this mean my debt is done now? on the summary page it shows I owe $10,481.47 but that has never changed and that is about the amount my employer has paid over the years.
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.