1. would it be best for me to order a copy of my credit report to get started?
2. i see "charged off" in a lot of these posts - what does that mean?
suddenly, i had $11,000 in credit card debt. i was not delinquent on any account but wanted to get ahold of the situation. three years ago i (ignorantly) signed up with a settlement company- ji financial. they sold me to fornia, luftman and heck. this has turned out to be a very bad decision. i have paid $200 every month for the last three years and they settled one account - not even the largest.
i have decided to take my head out of the sand now but i need some guidance. i have terminated my agreement with that company but i am not sure what to do next...
By signing up a debt 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 payoff 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.