Has anyone had success with contacting American Express directly about a payment plan or hardship plan? The person I spoke with today was very nice but said there wasn't anything she could do for me. But I'm going to call back and try and reach another department--not sure which one to ask for though.
Do most cc companies have internal hardship or dmp programs?
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.