Hi everyone, my first post. (excellent forum btw.) My husband is in desperate need for a debt solution program, one that will pay his bills on time. Unfortunately this is unavoidable. He owes too much and the interest that they tacked on is just too much and we are hoping to have it cut in half. He's tried to work with one of them but they wouldn't budge.
Anyone use one that they were happy with? As the payments come in and are being applied, does it help raise the credit score?
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.