So I just did the 341 meeting. Everything was confirmed. I was wondering if my student loan is deferred until i finish payments, 5 yrs, for my bankruptcy. I noticed that the student loan payments each month is not included in the budget the atty did. I know the student loans have to be paid in full and are not part of the bankruptcy payments. Hope I explained this right.
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.