First off, I'll have to apologize for not getting this out sooner. I get so busy sometimes I miss the little things and have to be nudged a bit. Anyway.....kfstaff24 has been a valuable member of the DebtCC community since October of 2008 and has become a valuable contributor to the Forum. Her expertise in the PDL forum has helped many members and guests. 10 votes is all she needs!
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.