I am hoping that someone can help me. We just got served a summons this morning and have 30 days to answer. The summons is coming from a CapOne CC that is in my husband's name. My husband is unemployed and I make minimum wage and that is why we can not pay the monthly payments. We are needing some help as to how to handle this.
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.