My raised-during-the-Depression-era-Dad used to always say to me: "It's not how much you saved, it's how much you spent."
I'd say "But Dad, it was 50% off! How could I pass that up?!" And He'd say "Okay, but how much did you spend?" And "Did you REALLY need another pair of shoes?" (or whatever it was). And there I was, still blabbering "But it was on SALE Dad! Aren't you proud of me?" I just didn't get why he would shake his head and walk away. I never really HEARD what he was saying. Yes, I heard his words, but I sure didn't LISTEN to them. Gee I sure wish I had realized what he was trying to tell me!
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.