3 ways your creditors can hurt you was or will be a featured article on 13th January 2011. If you see a way this article can be made even better, please feel free to edit it.
The article is contributed by BG, who is an IAPDA arbitrator
associated with Oak View Law Group. He counsels people to deal with credit card
and payday loan debts. Through this article, he wants people to take care about
their financial position in Christmas holidays.
* 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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