I have a bankruptcy, chapter 7, that will be dropping off my credit report in a few months (it has been almost 10 years now since filing). Will this help my credit score very much? I have not had very good credit since I filed the bankruptcy, BTW. Does anyone know approximately how many points this will raise my score, if any?
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.