I bought an old car as an investment. Paid cash. Suddenly without warning I lost my job. It took months to find a new one. During that time, I took an auto title loan against the car because I was short of cash. I know this was a dumb move. Anyway, I'm working now with a good job and I need help to represent me because so much time has passed without a payment. I'm not trying to get out of paying. I just need to negotiate some sort of settlement or agreement so I can manage my obligation. Is it better to work with a settlement company I've previously taklen help from?
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.