just wanna give lil heads up. cause it happened to a friend here in las vegas. he's got so many bills that went to collection. and never paid'em ever. the creditor reported him to the irs and now he's gettin NOTHING from his income tax. so if you guys gots lotsa pdls/collections etc try to work with them even if just partial payments. which i start doing today. because i want to keep my income tax money. these creditors/pdls are being smart these days they will do everything they can in their power to get their money back. hopefully this year i get all my pdl fully paid and done. jst wanna share that with you guys
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.