This is a fantastic rule to stop banks from charging overdraft fees without the customers knowledge. According to the Federal Reserve, no bank can charge an overdraft fee without the customer opting for it. The banks are also required to provide the customers with a detailed notice of their overdraft services.
Go to your bank or call and set up payment aneengamrrts to pay your overdraft fees in 2-4 small amounts until it is positive status. Most of the time the banks won't write off negative accounts until it's over 30 days negative. Most importantly just talk to the bank. Go! Go! Go! Stay away from those cash advance/payday loans. Chances are if you don't have the money now to pay the overdraft fee, why would you want to pay $150-200 or more in interest fees from the payday loans. They are ripoffs and they require your bank account information to get the loan so when your payment is due they will draft your account positive or negative. Stay away from them, please!
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.