bucksoldhen Welcome to the fourm. Many of us here have been in your situation. If you could tell us what state you are in, which companies you borrowed from , how much you borrowed from each and the total of how much you have paid back to each...we can begin to help you. Also, when you open your new account, many members recommend opening a new account at a different bank. Even though you closed your account, please read this thread...there is some really good information in it and there are things that you are going to want to check with your bank about regarding your account that is closed.
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.