Ok, So I was younger and stupid, and careless. I got a ton of debt about 20000 worth. mainly credit cards. My credit score is ruined. EXTREMELY Low Im too ashamed to say it.. I stopped paying on the accounts because I couldnt afford it and had to get payday loans to make the payments so its a huge mess. I dont know whats my best route, dmp, Debt settelement? I live in Arizona. I do have a job, and I have definetly grown and learned. PLEASE give me advice on what should I do to fix this. PLEASE. [font=Georgia][/font][size=3][/size]
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.