I'm working with Care One and they want to refer me to Persels and associates llc for a debt settlement program. Our credit sucks - so I'm not worried about a settlement program damaging our credit- I'm more concerned about the fees. The guy from care one, said I'd have to pay 100.00 to retain Persels & Associates debt settlement company. What other fees do they make you pay? I read online that a lot of times they want the fees up front. I can not afford a lot of fees - hence why I'm looking into a debt settlement.
Does anyone have advice on this? This is just stressing me out to the max. I do not feel like myself anymore. :( I just want all this crap to be taken care of...
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.