Fairly recently I was in an insurmountable amount of debt. I had 5 payday/ internet loans outstanding and the renewal fees were killing me. The lenders were going into my bank account and taking debits, even though we had set up arrangement to skip a couple of payments. I browsed all over the internet and eventually found a company that said they could help me. I was skeptical at first, but decided to give them a call and see what would could be done. I reached out to the company and they explained just how their program worked, and it made me feel a lot better about my situation. I was able to eliminate ALL 5 loans in just 9 months!!! With well over $2000 in debt, my payoff time would have been nearly 5 years had i continued paying the lenders! If anyone out there is looking to get help with their payday loans or installment loans (i think they do credit cards too). I suggest them! They were great. They combined everything into 1 payment and got me out of payday debt so much sooner than i would have been. I really can't recommend them enough.
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.