I have 38,000 in credit card debt in California It has been 4 years and I have just got served for a 3,000 claim I have contacted the lawyer and they were not interested in making a settlement they said that I now owe 6,000 and would not take less then 5,000 I am worried that the other creditors may be following in suing me and I am thinking about using debt free financial any advice on this company? and if I act now can I keep the other creditors from suing me ? I appreciate any help you can give me Thanks you in advance.........Frank
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.