I've had PDL's also, and I defaulted on all of them, but I managed to close out my checking account and open up a new one, which you stated that you have done. Our pay periods are the 15th and the 31st of each month so within my next pay period the change took effect for the new account. I still get e-mails/letters from the pdl companies and now I just send them what I can afford until paid in full based on the address information on my credit report. At least now I don't have them targeting my account and putting me in the negative.
crorkz matz Guest
Tue Aug 05, 2014 6:05 am
1WQ0lE Thanks a lot for the post. Fantastic.
Wed Aug 06, 2014 3:29 am
y4mELK Looking forward to reading more. Great article post. Awesome.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.