Does this scenario sound familiar to you? You were contacted by one of those out-of-town debt relief companies, or you contacted them, made the arrangements, and have been making payments for over a year. It seems to be working as no one has been calling you. There are no letters from debtors or lawsuits. You are feeling optimistic that this financial nightmare will be over in a couple of years.
I received an e-mail recently from a potential client concerned about his debt problems.
There is a phone message on my desk and I had better call them back. The potential client on the other end of the phone is very upset. It seems she received a letter from a creditor about a lawsuit and ignored it. Now her bank account has been frozen and they don’t know what to do. She says that the debt is from a credit card account and she had been told by a friend that the credit card company can't be permitted to attach her bank account.