Root cause behind debt problems and one feasible solution

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Sub: #1 Root cause behind debt problems and one feasible solution
Replied on 01-16-2007, 10:09 PM
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Community, Thanks for supporting the latest change. It was done for good and it's nice to see members happy with this

Let's come back to the normal work flow. The objective of DebtCC is to help people become debt free and get rid of all the debt related problems. Let's concentrate on this subject more this year and make 2007 a remarkable year in the history of DebtCC!

When this idea came popped up in my mind, I started reviewing some of the forum posts. The impression that I got is most people suffer from debt problems because of dealing with bad lenders! Also, I think, it's better to deal with a local lender who you can visit physically.

The benefits of dealing with local good lenders are:
  • Terms and conditions are clearly stated.
  • Strict credit check.
  • Better customer care.
  • You can have a face to face talk to solve problems.
  • No rooms for confusion about laws to be applicable.
With that said, DebtCC has introduced Lenders' section for all the states. If you find a good lender, you can refer it to the community using the "Add trusted loan company" section of the state pages under the Ranking Chart section. I have got a screen shot of the form from the Alabama state page below.

How to add lenders?
  • Just go to the United States section of the Ranking Chart.
  • Click on the state the lender belongs to.
  • Enter the information in the Add trusted lender form.
Feel free to add good lenders and help others avoid debt problems. Also give your suggestions and feedbacks on this

Regards
Jason

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Send message to dbaker6
Sub: #2
Replied on 01-16-2007, 10:13 PM
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This sounds like a wonderful idea, Jason!




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* Disclosures:
  • 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.
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