So you all my pymt was due Feb 19, so I've been getting calls every 2-3 days. Rep isn't so bad, when I do decide to pick up. So anyway, does anyone here have any experience with them?
The others like BOA, Citi, Discover have offered special "hardship" programs which are expensive so I am just sitting not pying like you all. Commerce told me they don't have any hardship programs and they refer all their clients to a debt mgnt company.
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.