Does anyone have an opinion on a good CU they can recommend that they like and have had good experiences with. We are just beginning debt settlement on our own and I want to open an account to put our savings in to pay the creditors when it comes to settling. I need to do this before our great credit turns bad. Just looking for good recommendations. Thx. (live in Utah)
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.