For the first time in the almost 20 years we have owned our home we are behind on our mortgage. By the time things are settled we will be 2 months behind. How soon will the mortgage company start the process. We will be completley caught up by the first of the year, but we will be running behind for another month or so. Just need some advice never been in this situation before.
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.