Sub:
#1Credit cards
Replied on
12-04-2007, 05:10 AM
Wasn't sure where to post this but thought it was VERY interesting.
Check this out: http://www.abcnews.go.com/Politics/wireStory?id=3950518
They also said they will tell u how to stop this from happening. If i catch it i will post here.
Ang
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You will not be punished FOR your anger; you will be punished BY your anger. --Buddah
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.