I have a number of Hospital Bills in collection and one large bill ($7200) I am being sued for. I also have a number of credit card balances and one fairly large balance ($5000) and am wondering what options I may have to settle this once and for all. I have tried paying minimum payments for a number of these, but am getting no where and the one hospital bill is about to go to court! Help!
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.