I have been waiting for a long time to see one of our community member DebtCruncher into the Hall of Fame section. I am so happy that he has entered into this prestigious segment and joined our other community members. :)
Debtcruncher, well done. I am so happy as I write this post for you. Friends, we need 10 Yes votes for him to walk him into the HOF members area. Vote for him, please
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.