Recently, I applied for Citi Diamond Preferred Card, but my application was rejected straightway.
I was told that my credit score is too low. I checked my credit report and found that there are a couple of unpaid credit card accounts.
I borrowed $1000 from Liberty Group and $500 from Zip 19 in 2015. I didn’t see these lenders on my credit report. Can you tell me why? Should I contact these lenders and pay?
Credit card accounts have been assigned to debt collection agencies. I owe $7500 on one account and $6000 on another account. What should I do? It isn’t possible for me to pay off these accounts.
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.