I just wanted to share my experience so far with T&C. I just contacted them this morning for the first time and they have already approved my account and faxed my contract, which I just signed and faxed back. They are going to help me with my payday loans and I can't tell you how relieved I am! They said they can even add old debt that may be on my credit report. I have let my financial situation go for so long, it's really a mess. I am very excited to be starting on this new path. I want to thank everyone on this site for being here and sharing their information and experiences. It has helped me so much.
I will keep you updated as to how things turn out.
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.