My parents recently went bankrupt. They were able to keep their house but, they have a construction loan which is past due and they are currently paying really high interest only payments. How can they get a mortgage to pay off the construction loan? If it is impossible for them to get a loan, what are the options for their children obtaining a loan? Any help is greatly appreciated.
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.