I am currently dealing with Care One Credit for my debt consolidation. I have been with them since 2002. I just added two more cards to my monthly payment. I am wondering if I can change to a new company. THIS IS NO REFLECTION on Care One. They have been great. My problem is that every month for the entire year I am continually running overdraft on my checking account. I have tried getting a part time job with no luck thanks to the putrid job market here in Los Angeles. I basically need to get my payment down for my debt consolidation. A little further back story I moved debt consolidation companies back in 2002 when I found out that the original company (I can't remember their name) wasn't paying my bills at all even though they said they were.
What's the best company to go with??? This is my only option.
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.