Sub:
#1125k settlement looking to open a account
Replied on
06-20-2011, 09:15 AM
I have a question I am about to receive a large settlement check for around 125k I don't have a bank account can i open a account with the settlement check at any bank of my choosing.
It will be better if you could open the bank account before receiving the settlement check. You can contact any local bank and fill out the required forms in order to open a bank account with them.
By signing up for 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 pay off 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.