My ex-wife opened several credit cards jointly with me after the divorce. I had no knowledge that these accounts ever existed until I was recently contacted by creditors requesting that I pay them. Turns out that she filed for bankruptcy and her name was removed from these joint accounts. However, my name is on them, and creditors are after me. What do I do?
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.