i have been living in south africa for four years and live well below the poverty line, i am moving back to the states in march. is there any way that they will take off the interest for the years i was below the poverty line? i made on average in these four years $600 per month. my original loan was $9000 and is now well over $20,000. i'm not trying to get out of my loan, i am desperately searching for a solution to being able to pay it off. the collection agency has been incredibly rude and at times abusive. calling me unamerican and why i can't get on a boat even as a castaway to come home and pay my debt.
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.