Okay. I don't know if it's the right place to ask my question. But I really need some suggestions. So, I'm asking my question anyway. I will get married in this December. Needless to say, I will have lots of expenses. Plus, Christmas and New Year celebrations are also there. I have to buy Christmas gifts for my family. I have a credit card with high limit, which I haven't used yet. Should I use that card to cover all the expenses? Should I take out a personal loan? I have saved $5000. Is it enough to cover everything?
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.