Last year I had a business fail and both personal/business debts attached to me. I was quite depressed and moved to Thailand but have since somewhat gotten back on my feet.
I now have a Wyoming LLC and work as a freelancer in Thailand, sometimes with US clients. The LLC's bank account is only used for accepting client payments (direct or via Paypal/Stripe) and making transfers to my Thai bank (personal), or to my US broker (also under the LLC's business name).
I have only restarted for a month or so and am concerned that my bank account or brokerage account could be at risk of levy. Wyoming LLCs do not disclose owners. But the bank and brokerage wanted the owner/signer (me) to disclose my name, address and SSN details.
I do not believe the creditor's know of my new LLC since I opened it only recently. Let's say they have an authorized person sweep around looking for accounts in my name. Will my bank or broker report me? The accounts are under the LLC's name, but I am registered as an owner/signer. Not sure if this would qualify as a match against my personal name or not.
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.