I want to join the community, register and be able to accumulate points, but know I'm not ready to speak with the debt counselors yet. Is this possible? I'm not ready because I have no income right now, so I can't set up debt consolidation since I can't pay for anything right now. But I want to do this and plan on doing debt consolidation and set up payments once I get a job, which hopefully will be soon. Can I register with the community now? I also think joining now will help me be more proactive and keep me on the track to debt consolidation.
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.