Hello, I live in WI and am about to file for Chapter 128 which is a unique payment program that allows you to include creditors to pay off within a 3 year period.
However, I do have a question before I send off my paperwork to the lawyer. In regards to the Cash Store, I know they are licensed in my state. I took an $375 installment loan with them and could settle for a lesser amount and not have bother to include them in my Chapter 128 filing. Has anyone had experience in settling with them before?
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.