What happens if you are on a payment plan with the IRS already and you fill out your taxes and owe a pretty big amount?
I know, I know change your withholdings. We did that last year, but I guess it wasn't enough :? We still owe the IRS like $600 from last year now we owe $3,344 :shock: I know we won't be able to pay THAT much by 4-15.Can they just add this onto the payment plan I have with them already?
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.