I have read the forums...but still do not understand what process I need to take concerning my enormous debt to so many student loans, I want to do the consolodate and pay appox 100 per month until the 25 year of write off occurs. I have only had a job for 3 months now, and have recently found out i have a cancer tumor in my back and severe spine damage which is going to put me out of my new job and in the bed and recovery for months. According to doctor...I have a long road ahead of me...for the type of cancer I have will most likely return. I am 25 and fixing to have to move back in with my parents, I am embarrassed but at end of my rope. My medical bills already take up what I am earning. Here are the ones I owe. I do not want this to become a burden to my family more that what they are already about to go through with my health
american education system
campus partners for Auburn
us department of education
georgia student finance
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.