We have been in bankrupcy since 2008, making payments, we have missed a few, but now we have a letter stating that the motion to stay wants to be lifted from the bank for not keeping up on payments. IF they have been taking our payments and have not said a word in 4 years can this be done. Our lawywer is not even calling us back ......
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.