Does anyone know a legal debt consolidation that helps with credit cards and payday loans. I been looking but am still confused. The one I talked to in town wants me to do an one year agreement. My total debt is $3200 they want me to pay that plus $2500 on top of it to handle it. I know I owe on the legal payments not the overpayment on the loans but I thought if you went with a debt counselor they were to help cut down on credit card payments and work with your budget over 12 - 36 months. :? [size=3][/size][font=Verdana][/font][color=Indigo][/color]
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.