Due to lack of credit in 2008 I purchased a car from a "buy here pay here" place. The car had a system in it that if the payment wasn't made on time the car wouldn't start, I went to leave for work one day after having the car for about 6 mths and it wouldn't turn over. Of course the "limited warranty" I purchased was very limited and I went through hell...I ended up having the car towed and having someone look at it who determined that this system they had in the car fried wires. They asked me to fax paperwork to show that the mechanic stated this and how much repairs were etc and nothing, they still expected me to pay. To this day it's on my credit report and it says it will remain until 2016. Is there anything I can do about this??
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.