Hi, I was recently laid off and have about $15K in credit card debt. This was OK when I was working but with no income making payments is going to be impossible. I currenlty have decent credit (680) and would like to keep it that way. Any suggestions on which avenue to take so I can get my debts paid off and keep my credit rating? Thanks a ton for the help. Jimmy.
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.