I'm pleased to announce that bea2ls has passed the 1000 post mark and is now eligible to enter the Hall of Fame. bea2ls joined the DebtCC family almost a year ago because of being trapped in the Pay Day loan cycle. Once their own problems were under control, they have spent many hours helping out other members who were caught up in the never ending PDL cycle. Thanks for all your time and effort helping out the community! 10 votes is all we need!
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.