i had a car bank in 2008, my dad co-signed for me. i lost my job and couldn't find one for three months, my dad paid the payments till we decide to give them the car back. well they just sent us a summons (with no court date) on the car. the loan was for 14,000 and we got it down to about 9,000 then they sold it, and now want 12,000..... can i file bk 7 one the car????
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.