I am being constantly called by Love, Beal & Nixon in regards to 4 debts that I have, three credit cards (capitol one's) and a voluntary repossession on a Lemon Ford Explorer with Ford credit. The company I worked for pulled up stakes and went over seas and with just my husbands income there was no was to meet the obligations, trying to work with the companies was a disater as they just kept adding late charges and over the limit fees each moth that they billed me. I see no other alternative now but to file chapter 7. Would Love, Beal & Nixon be who I list as the creditor or the original company? Also, I have received letters from Love, Beal & Nixon that they have filed liens against my personal property and any future purchases I make and I am worried that my home will be taken away to satisfy these debts. Will the liens be lifted if I am successful in a bankruptcy petition? Also, because I put my husband on as being able to use my cards, the debts now reflect on his credit report as well as mine. Would these be taken off his when I file? His credit is fine except for my cards on his report.
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.