It feels great to inform you that our Community has come up with a new section called â€œSocial Answersâ€. This section has been created and designed in questions & answers format. Anyone can ask finance related questions and share answers here. Good answers will get up-votes where as the unsatisfactory answers will get negative votes. No comments, fights, abuses, or useless discussions. Just questions and answers! :)
The main goal of Social Answers will be to provide quality answers to the questions asked in this section and we are working hard to achieve it. We are eagerly waiting for your valuable feedback on this section to reach our goal.
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.