I have a student consolidation started with salliemae for two student loans. I am fine on consoldation now and have been paying regualrly on this loan. I have another loan though which went into collection to RAB (Regional Adjustment Bureau). I had agreed to pay $450.00 a month on this loan. At the time I was able to pay it, but now have fallen into an hardship and can not pay this amount anymore. Is it possible to consolidate this loan as well?- Thank you for your help.
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.