I want to notify all my creditors to only communicate with my attorney. I am absolutely broke, a senior, no asetts, only social security. How much work will mey attorney have to do in keeping the creditors away. Will he have to answer numerous letters from the same creditor thus having to charge me. What does my attorney put in his letter than tells the creditor they are wasting their time.
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.