Hello would like some advice,I have over $30000 in credit card debt and I have about $14000 cash.what I was thinking of doing was not using the 14 k to pay the debt and use it instead of credit card.being that is the only free money I have or do I pay it all to the credit cards and continue to keep using the credit and be stuck in the same cycle?
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.