WOW! It never dawned on me (yes Im slow sometimes) until now that we get paid for giving suggestions and helping each other (never really paid attention to the DebtCC points until Jessi brought it up in other thread I read)
That is probably one of the reasons why this community is tight knit and strong.
I hope you do not mind me asking this question, where did the money come from in order to pay people for their particpation? Do you have sponsors? Pay out of your own pockets?
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.