My husband was served with court papers a few months back saying that he was being sued by a credit card company. He than filed an answer and was given a court date for arbitration which he went to and the arbitrator ruled in the creditors favor. Needless to say there is now a judgement against my husband. My question is what means can they use to satisfy the judgement. My husband is unemployed and has no bank account nor does he own any property.
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.