I'm 25 years old and have about 30,000 in medical debt from when I had my daughter last year. I just received a collection notice for 6,600 but I know I never received a bill for that. Most of the bills have been turned into collections. Where do I start? What do I need to do? I was never taught about money, credit, and now I am in this situation and have 3 children and do not want them to end up like me.
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.