I am new to all this and need some serious help. I live in Texas and i am trying to get a hold of my debt. I have a student loan and credit cards that I owe on and have gone to collections. I am in a financial position where I can now start making payments and someday pay it all off. Any ideas as to where to start? Should I contact a debt consolidation company, try to go at it on my own with each collection company plz help don't know what to do at this point.
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.