I have been late on my mortgage each month for the past 3 months, and while I have always paid within the 30 day period, yesterday I put off paying until it was after 3pm. So technically it was in the 30-60 day late period.
I spoke to someone at my mortgage company this morning who said that I would be fine, that they actually don't report to the credit bureaus until the first week of the month, which she said would be the week of 8/4. I hung up and then thought about it ... why isn't today, which is 8/1, considered being the first week of the month? I mean, I'm not complaining but I am confused?
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.