Hi, I'm 24 years old and Im thinking about going bankrupt! I'm $42000 in debt and have a baby on the way. I know if the creditor give me a chance I can somehow make it work, as I was young and made very silly mistakes before hand. I rang one agencie and ask them to help me go into debt agreement but given my situation they said its better if I just file bankrupt. I really need good advice and what will happened if I do go bankrupt will I loose my job I have no idea what it is all about!
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.