I have a credit card from Chase Bank. When I took out the card, the interest rate was a bit high. Now, I've got an offer from Old National Bank to take out a credit card with better terms and conditions. But I have some unpaid balance in my previous card. Is it possible to roll over that balance in my new credit card? If yes, how long will it take to wait to roll over the balance? Will I have to pay any fee?
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.