Love the site...I had originally talked to some guy named Sixfert or something like that back in April. (if you know the background on him, you know I can't bring myself to go with him any longer) He told me to hold on and not contact BofA until 5 months later. Then settle. I have not made a payment since. (he told me the 5 months wouldn't start until after May...not sure about that) I haven't heard a peep from BofA. Maybe one or two calls at the most. It's getting to September (or October...not sure which is the 5 months period time to wait) Does anyone know about when to settle with BofA? How to settle with them. ANY CLUES. I'm grateful not to have given any money to Mr. Lombardo, but I also need help on how to settle so I don't get sued.
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.