Hi! Can you suggest a few ways to repay my credit card bills. I lost my job in March. My first baby came in May 2020. My debt amount is not huge. It is around $300 every month. But with holidays approaching, it is becoming quite difficult to manage everything. If I don’t pay off my credit card debt, will my debt amount go up along with my interest? Please let me know.
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.