I do not make minimum payments only and try to repay the loan on time. Regarding my credit card debt, is it a wise move to make part payments every month that paying off the amount in full. Actually, I have made a big purchase. Since the economic situatio is unstable, will it be wise to make the paymnt altogether or keep a room in my budget and make the payments every month. Is there any way to negotiate with cc company to make the payments in 6 months without paying any or very nominal interest? "
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.