I don't know what has happened to my husband. He has maxed out his credit card. Moreover, he has not paid a single dime on our joint credit card for the past 4 months. I was not aware of this thing at all. I came to know about this after a collection agency based in Placentia (CA) called me on last Monday. I'm scared. What should I do to safeguard my money and credit?
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.