Are there any updates? I was advised to stop paying Cash Call with 6 more payments to go afraid of destroying my credit that I have been working very hard to repair I feel like there is no real guidance for consumers can you advise- I have paid 9600.00 back so far on a 2600.00 loan. Yes stupid I know but had to do it to cover medical bills at the time. Please advise if you can-
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.