ive getting a lot of calls from debt collection attorney's, i dont know what to do or to say ? should i get a lawyer and let them handled the talking and consolidate my debts (pay day loans and credit cards) ? one of the companuy just recently sued me for not paying and garnished my income.. i just dont want to happen that again.
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.