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.
There are few steps to prevent this crime. First, you need to keep track of your SSN (Social Security Number). Kids are often the easy victims of this crime, in fact, more than 1 in 10 kids are expected to become the prey before growing up. So, keep your child’s identity safe as much as possible.
Apart from that, you can place a 90-day fraud alert on your credit report for added protection.
Sub: #1 posted on Wed, 12/21/2016 - 05:59tiarajoseph11
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Also, avoid unsolicited calls and Emails. Some apps give fraud notifications to the user. You’ll get prompt notifications as soon as a suspicious activity shows up. You will find many apps online.
Sub: #2 posted on Thu, 12/22/2016 - 04:47Sanders Patricia
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