Hi again. I was finally contacted today by Superior debt relief and they explained how their consolidation program works but didn't offer any other options for me. To be fair though, I don't know if there are any other options to offer really, I just know that I'm not really on board with the idea of trashing my credit for 3 years to make it better in the end.
I was especially not thrilled to find out that SDR can't help me with my biggest credit card problem-AMEX Blue and the 30% interest rate they are screwing me with because I was late with my payment by 4 days twice. Apparently AMEX business accounts will not cooperate with any consolidation company in any way, at any time, so I am SOL and they are a nasty bunch of sharks. :twisted:
So, anybody have experience with this SDR company? If I'm going to have such limited choices, I'd like to hear how they worked with other people.
Oh btw, once I get the AMEX paid off I am closing my account. I've had an AMEX card since 1988 and they still didn't hesitate to nail me right between the eyes. :x
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.