Not sure what category this comes under...We had a problem with debts becoming too much and was in a debt consolidation/management program. We could not get a loan for a car under 18% which was ridiculous and it was a necessity to get a car. I purchased the car from a private party and have made every payment on time for the last 3 years. The private party wants to know if there is anyway they can report my good credit history with them to the credit bureaus before the car is paid off in a few months. I think it is a great idea if its possible. Any help for us is appreciated. Thanks!
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.