Are there any legitimate debt settlement companies out there?
Tue, 08/12/2008 11:00
JinSanJose's posts were deleted as they were defamatory in nature - Jason
I have been reading the forums trying to find an honest company that will get me out of debt without getting ripped off and it seems that every one I read about has bad reviews on here has anyone had any success with an honest company I need one desparately but can not afford to get ripped off ........Frank
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.