I am in the process of setting up a payment program with Zwicker but the want to set up post dated bank drafts for the next few months. Is this a bad deal? Seems like they wont deal unless this is established. Its an account i use for this purpose and is funded when needed Just hate being in this position where someone drafts payments.
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.