I have a credit card with Capitol one, I ran into some hard finanical times and got behind on this credit card, every month they would add late fees and overlimit fees. well I can now pay this bill by the due date but I can't afford the $600 min due that would bring my account current. I've tried talking to them and they aren't willing to help me at all. I told them i could pay the regular minimum amount due each month if they would just roll those fees into the balance and we could start fresh. well they won't do anything. I think they like getting all those fees. Does anyone have any suggestions on dealing with these people?
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.