Hi.. I have a quick question... I have a second mortgage with RBC bank which is bought out by PNC bank. I've been behind on my payment for more than 2 months now, the phone call from them is relentless.... My house was foreclosed by the first mortgage, which now I have no property any assets under my belt except for a car which probably cost 500 bucks max... I can no longer make a payments with PNC because I have a new born and my wife is no longer working.. Alone with my salaries I cannot afford it anymore... I was wondering about settling this debts with them before the hospital bills kick in which I might not be able to afford.. any help or tips is greatly appreciated.. I was wondering since I have no more property, will it be easy on my part to settle? because I heard that PNC is really tough on these settlement.. Thanks I owe 18200 by the way.
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.