Hi, i'm thinking abt doing the settlement myself and not sure whom to contact. Actually i have enrolled in the settlement program but I think I might be scammed after I read the review from this forum recently. I have paid my retainer fee and never hear anything since then. Do i have to contact cust service? and what to say? My creditors are Boa, Amex and Wamu. Have anyone deal with them directly?? Thanks !!
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.