I am about to sign a contract with Debt Rx USA and I wanted to get some freeback to make sure they are a legitimate company and that I won't be getting myself into further trouble.
I have read through their paperwork and everything seems up to par but any recommendations or advice before I enter into payment with them would be greatly appreciated.
If anyone else knows of a good debt settlement company and has recommendations please let me know. While I know this isn't the best option for everyone, I know this is currently the best option for me to be able to pay my CC debt and I want to make sure I pick the right company.
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.