My brother in law's currently residing in Dubai (he's Indian), and he has credit card debt problem. He really wants to payoff the cards, but can't afford it. He ends up paying minimum payment every month. He has tried to contact the issuer bank to consolidate the debt, but it seems they don't want to help :(
Gees, he doesn't want to run and he's been a loyal customer...
Anybody here can give me a clue? Me and my sister are now trying to help him out of his problem.
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.