i CANNOT PAY MY CAR NOTE DUE TO AN ECONOMIC HARDSHIP. 9 MONTHS AGO MY CHILD HAD A STROKE, i GOT 2 PAYMENTS DEFERRED. NOW BECAUSE OF THE RECESSION, I AM HAVE BEEN LAID OFF. LAST MONTH I ASKED FOR ANOTHER DEFERMENT, THEY WOULD NOT GIVE IT TO ME. I STRUGGLED AND BPRROWED TO PAY THE NOTE. THIS MOTH A JUST CANNOT. WHAT CAN I SAY TO THE FINANCIAL INSTITUTION TO MAKE THEM UNDERSTAND AND DEFER THIS PAYMENT?
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.