just yesterday i realized that some had gotten access to my credit card. - or should i say my husband's. this is a credit card that we always kept for emergencies. As it appears someone who we believe was a guest at our new year's party walked out with it and spend 5000 in one month! i called the credit card company - it has been cancelled. but i am not sure what to expect from here on. just the thought of a family member/friend did this is heartbreaking -
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.