My sister has purchased a fridge and a laptop through my credit card. I was not making purchases with this credit card for several months. I was not aware that my sister has started using the credit card. She has not even bothered to make timely payments on credit cards. The total outstanding balance on credit card is $40,000. My credit score has dropped. What should I do now? I live in Ashville.
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.