After I found my wife was having an affair, we got a divorce. I was upset and didn't work for about 6 weeks. After I returned to work, they demoted me from my high paying position into a spot making much less. After a month I lost my job, and went almost two months wihout work. Checks bounced, payments are behind, and everyone is about to take legal action. I now have a full time job and want to just get back on my feet.
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.