My husband doesn't make enough to pay our mortgage the month after next. He's been struggling trying to find a better job in St. Louis. I've also been looking for a job for a while now. We have tried everything to keep this house. Right now we are trying to sell it with no luck of finding a buyer. My question is though if your house get foreclosed on how long does it take to be able to get another loan on a house? How bad does it hurt your credit? Right now hes got a credit of about 750 so I have a feeling its going to get impacted greatly. I've been praying for two months now and nothing has happened.
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.