I'm working with a credit card company. 90 days past due +. They sent me a letter stating I have 10 days to pay 100% of debt. I sent an offer by certified mail for 40%. I also have a 2nd mortgage with this bank. They called this week to say I was late. I deposited a big check in my checking (diff bank) at the weekend to settle a debt. They put a long hold on it and when I paid the 2nd mort they said I did not have enough funds because of the hold. I resent the payment the next day, Tuesday. I checked this morning and it still did not process. I really want to settle this acct. What should I do?
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.