I can't even begin to describe the number of entities that I have spoken with in an attempt to end the annoying phone calls, and the campaign of harassment that my debt colectors have been engaged in. A friend of mine recommended attorney Matthew Dolman of Berman, Dolman & Berman, P.A., who was able to effectively put an end to the phone calls and letters, and began going after the debt collectors one by one for violations of a federal statute known as the fdcpa and the FCRA. It still shocks my mind that a single attorney could completely change my situation. I am almost (have 10k left) out of debt (started with over 60k that he negotiated down) and have even made a little bit of money as a result of his lawsuits.
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.