I have some credit card debt (3 months default) that tried to pay off/down. (My hours were cut the last 3 months) The creditors I have are:
Walmart 300 Target 300 Capital One 800 Sears 800 Household Bank 800
My problem is my bank account is frozen because of a judgment so all my payments to the creditors bounced. While I'm trying to settle this judgment, I am living paycheck to paycheck and I have no assets, not even a car. I only have enough left over to make very small payments a month. Do you think the creditors will agree to such a payment plan. There is no way I can come up with full payments right now. Help!
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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.
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