i asked my employer to cosign for my daughters student loan several years back , he agreed to knowing that i will make sure she kept up with her agreement, she has stopped paying for her loan and we havn't speken for 2 years ,, now my old employer is now threaten me to pay for the loan or he will sue me ,,,,,i am not on the student loan , ,, he says i made a oral promise to pay , but i have not signed anything can he sue me ?
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.