Since I'm in the hole right now with one of my banks...I do have another bank, but to tell you the truth right now, I'm thinking of closing that one too. I'm nervous that somehow some of these places will get the information. Do you think that the wisest thing to do right now, then maybe once the smoke clears I can get an account at one of those "free start" banks? One question, would we just get our paychecks cashed at the store or somewhere like walmart?
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.