i've been on this site for 6 months now. the site has really helped me out alot. i've been in a settlement program since 2/9, and i got my first settlement offer today. chase has offered me a 3300 dollar offer on 8700, so i took it.1 down and 3 more cards to go, it's a long way but it feels good to get the first one out of the way. still have boa 22000, chase 15000, and hsbc 15000. i've been 9 months without a credit card and it feels good to live within my means for once, i will never even own a card again when this is over. trust me it's been very hard but all your stories have helped me stick with it and i will let you all know how it turns out. i've posted on here before but forgot all my info and i am writing this as a guest.
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.