i have 2 credit cards one I owed $3000. & the other about $1300. I email them asking to see if I could pay $60. dollars a month on each one owed and they denied me now one of them taking me to court the highest one I explain I ws getting divorced and have child alimony to pay as well but no answer back the lower credit cd company said the lowest they accepted ws $100. 00 a month but I cant afford that so im trying to do between $50.00 to $60. dollars on each one but a debt consolidation must be the way out now I just sign up for on this web site what else can I do to stop them so stress 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.