Just wanted to let everyone know that I had a credit card account that was going to be turned over to collections but thanks to this site and all of the info I have gathered I have made payment arrangements with them to make $22.48 payments for 36 months to get this taken care of and they haven't turned this over to a third party collection outfit. I feel so relieved.
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.