Hi experts please could you tell about "Pacific Debt" right now I'm with "Pacific Debt" my question is
" In this case bank told me if you go with these type of company then you credit is gone for six year is't right or wrong and "Pacific Debt" told me it's just effect your for three year when your payment is complete then everything is going ok"
"It's effect on my credit score"
"It's like a Bankruptcy"
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.