I've decided that debt settlement is the best way to handle my $45k credit card debt, but I'm afraid of the creditors calling me at work. My credit report lists the company I work for but no phone number. Will they pull a credit report to try to find my number? I work for a large corporation so it would take a little research to find me with just the company name, but I'm sure they would be able to do it. This is the only thing holding me back from debt settlement. When will the debt settlement company start talking to the creditors and when will I be able to change my contact number to the debt settlement company's? I am willing to talk to the creditors but will only be able to do it the evening when I'm at home. I have 9 credit cards so the calls at work could potentially be non-stop. PLEASE give any advice you might have. Thanks.
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.