I am ready to get myself and my husband out of debt. Can someone tell me if its possible to call a bank to set up payment arrangements on a closed account balance even though its been reported to chexsystems? In some cases, do you think they will settle the amount to remove me? The bank is US bank. Thank you for any information you have.
By signing up for 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 pay off 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.