Hi everyone! I used an attorney and went through Debt Settlement back in 2009. I was getting back on track with my finances the past few years, but then last year I had a baby and I was diagnosed with cancer and missed a lot of time from work to go through treatment. So now I have about $10,000 in debt again that I just cannot pay.
My question is, can I go through debt settlement again? I learned a lot from reading posts on this wonderful website, and I am thinking I could tackle the settlement myself this time and save on the attorney fees.
Any advice would be much appreciated. Thank you!
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.