I have an IRS lien on all my property, I am making payments but it will be years before it is paid off. I have 5 cc's that I have been unable to keep up on, last payments were made about a year ago. I just received my first summons, the amount of this cc debt is $7000. I don't know how to respond or what to say. Anyone know or have any experience with this? Do I call the lawyers office that filed and tell them about the IRS lien and that I want to settle with them now instead of them having to wait 5 years to collect. Wouldn't they have to wait that long if they won by default if I don't respond?
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.