I am not doing so well financially at the moment and things are getting worse every month so I am not sure what to do. After searching the net for weeks I have come across to much information and now I am more confused than ever. What are my options? Would anyone here that has filed for bankruptcy be able to let me know your experience, suggest people to work with and maybe you might be able to provide other options?
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.