Is there any organization that can help me with consolidation and settlement? I have 5 debts but I can’t repay all of them. I have heard about consolidation and settlement though I don’t know it 100%. I can repay the outstanding balance of some but not all of them. Need help to solve this debt problem.
How to decide, when should I go for a company? How to choose?
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.