I myself was contacted just last year about defaulted student loan! the threatened to garniush my wages and all this other BS, I didnt dispute the money owed, However I wasnot going to be degraded by the debt collector! so i sent my payments directly to the department of education! And i do so with other debt im paying off! I will NOT send any money to a debt collector! if im paying off a debt, I send payment to the original creditor, once accepted by them, the so call debt collector has no standing!
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.