I was an international student about 13 years ago and I had 2 credit cards from two different banks in the US. I paid off all my bills and closed my accounts after I graduated from school and went back to my country. Recently I came back a job interview and found out that there are more than 10 serious deliquencies that come to about $30,000 shown on my credit report. I wrote in to dispute them, but many of them came back as verified as shown on my credit report. What should I do? Thanks.
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.