I love this web site and all of the debt samaritans and moderators who give great advice on how to deal with all issues of the financial spectrum.There is one thing that I have noticed and wonder about and that is the adds for internet payday loans that appear on this site.I realize that advertising dollars have to come from somewhere and these places all have money just as others do.However isn't it conterproductive to have adds from the very thing that most people come to this web site to get advice.I see all kind's of corespondance advising people not to take out loans from these companies.If these are indeed legitimate companies then by all means I have no problem with them advertising on this site.
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.