Ok so I am beyond thrilled right now!! After 2 1/2 years of dealing with Cash Call, and paying them 216 a month on a 2600 dollar loan I am finally (almost) free!!!! I defaulted in January when I had to ckose my account due to a PDL mess I was in. Well I decided to hold out on giving CC my newbanking info. They did call me (about a million times) but today they sent me a settlement for $1000 lump sum of 6 payment of 202.00. I know I have paid them over 5k on a loan for half that amount but I am trying get better about my financial obligations, and cleaning up my credit report. Getting them off my back will be a HUGE relief!! I jsut wanted to share this with you all!! This place has been SOOO much help to me over the last few months!!! Thank you all for your advice!
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.