My daughter has several medical bills that were sent to collection agencies listed on her credit report. Would it be to her advantage to pay these off? What impact do they actually have on your credit score? I believe they were for deductibles/co-pays.
I know, I know - she should have paid them years ago, but she's been living on a shoestring - but things are getting better for her.
I just don't want to go through all the hassle if it's not going to make a significant different in her credit score which was wrecked when she was married.
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.