I have a credit card with an outstanding balance of $2500. The credit limit is $3000. I want to take out a credit card with zero percent interest rate. I want to transfer the balance to that card. I have applied for a balance transfer credit card. However, I got approved for only $500 credit limit. Why is it so? My boyfriend has applied for a balance transfer card too. But, she was approved for card with $1500 credit limit. Why is it so? Why should I do to improve my credit limit?
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.