Sorry for posting again! I forgot to mention that my husband and I signed papers for a Home Saver Program. Countrywide says they are not aware of this program even though the offer came on their letterhead. We were told it was from Fannie Mae but I can't find any information on it. Stupid me, can't find anything in my files either....I am thinking it may have been part of the papers destroyed when a storm flooded my basement. UGH. I can find the cover letter but not a copy of what we signed. I can just enter into another program but it seems as though no one has heard of this program when I inquire. Has anyone here heard of it?
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.