I don't mean to aggressive, but so far no one here gave a straight or a clear answer. There is answer always follow a try to get help with debt consolidation companies. Please, a very simple question for those who went through this and are willing to help others here. What are the first steps to get out of debt. What types of letter should a person write to warn creditors that they are saving money to settle a account and what are the best ways. I am in NYC, but in general. Please straights from those who are willing to help. I was able to fix my credit score, because there were people willing enough at MYFICO.com to help. They went through and they shared the way to do best. I mean. If Debt Consolidation company can settle your debt, so can you. Please, What is the rules to do this system, and how to do it. Please do answer with a fague answer, because that is no help at all. Thank you.
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.