I took education loan to complete my degree due to family conditions. Now I am doing a job but don't that much that I can repay my loan. I know some about debt settlement. Please tell me about any debt settlement program in New York who can help me with repaying my debt and I will pay that loan later on. I have heard that some companies are spam, so please guide as I don't know much about it. Thank you in advance.
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.