I have two credit cards that I was not able to pay on and now am really in debt. Along with that my identity was stolen a couple of years ago and has pulled my credit way down. I really want to get my credit straighten out so that I don't have a problem anymore with it. The credit places call me day and night and call like 20-30 times a day. I have answered the phone and told them to quit calling and they wont until they get there money. They state they cant stop calling. I have told them that I am at work and they are getting me in trouble and they just keep calling.
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.