Which Debt Settlement Company are GOOD (names PLS)
Tue, 08/19/2008 11:37
I have been going through so many of these forums trying to find the best debt settlement company to go with. I have about 93k in unsecured debt and I need to do something FAST. Most of the forums do not recommend any specific companies and when someone does recommend one someone laters complains about them. I need some honest recommendation from people that have been through it before. Thanks you.
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.