Qualifying for a student loan forgiveness can be a little difficult. There are many ways to get loan forgiveness as a student. After graduating, you can join public services as there are terms in some student loans regarding that. Military services can be a great choice as there are laws about that you, central services, state services and volunteering can also be a good choice. That actually depends on the kind of loan forgiveness program you are dealing with.
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.