I am recently laid off from a $50,000/ year job! I have $20,000 in CC debt and an overdraft protection loan through my bank for $10,000 ! I may have a job at the same company with a huge decrease in pay. This is a wake call for me and I am unable to pay my monthly bills with$1000/mth in cc payments. We are not that bad off to file bankruptcy and all of my cc's are current and I have never not paid or been late on a payment. Any recommendations!?
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.