FIA bank of Hawaii- unemployed 15 months but I was never late 30 days, only late two times in 15 months of hardship by few days. They raise their interest rate to 29%. Called the workout specialist and they use my monthly FIA payment of $570 and I am negative around $200. Solution is simple just reduce interest or payment around $200 and wa la ... I can meet my budget but no they can't help me. They said to call consumer credit counseling. I've already negotiated with all my other lenders/ credit cards and reduced my monthly payments. Why should I go to the credit counseling and lump into one just because of one account? How can I have them negotiate with me. Do I need to show them surplus? By how much more? I will babysit or something. What kind of numbers are they looking for? Our income is $6600 and budget $ 6800. help?
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.