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.
Unfortunately, the answer is yes. A bankruptcy filing will be written on your credit report for 7 to 10 years.
You will get information about the debts discharged in bankruptcy appearing on your credit report also.
Sub: #1 posted on Sun, 06/07/2020 - 23:39Ryan Miller
(Posts: 249 | Credits: )
Debts discharged in bankruptcy
Balance owed on debts is 0
Check your credit reports 3 months after your debts have been discharged. That would give creditors enough time to update your credit report.
Sub: #2 posted on Mon, 06/08/2020 - 05:49David Martin
(Posts: 398 | Credits: )