Hi, I am new here and like alot of you in trouble with credit card debt and hospital bills. I am being sued by Capital One in small claims, ($990.00) now and fear that more is to come. I spoke with an attorney before and they did not think the smaller companies would sue because it would not be worth their time and to just ignore them. Not anymore. They are the aggressive ones because now it appears they are going through the district Court system to get their money, or shall I say the third party who "bought" the debt and are using the original creditors name. Can someone steer me to a good debt settlement company? Perhaps Kentucky area?
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.