I had applied for a home equity loan. I need the loan to pay off my first mortgage. My lender has threatened to foreclose my property in Arroyo Grande. The loan application was not accepted due to some late payments and poor credit score. My current credit score is 650. I have an auto loa also. Please advise me how to deal with the situation.
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.