Good to see participation in this forum. I have successfully paid off debt after 2 and ½ years.
I used to participate in this forum. Good to see that there’s participation once again.
I want to share something. Last month I’ve been able to repay my debts after about 2 and 1/2 years. I wanted to pay off all my myself. I had an overwhelming credit card debt. And to make the matter worse, I was not able to save much because of some financial constraints.
However, I’m happy that I could bring my finances back in order, and I want to say that debt snowball and debt avalanche really helps if you can manage your money properly. Plan a suitable budget so that you can save a decent amount. Also, I had to plan my shopping for some days and restrict eating outs. I know it’s a bit difficult in the beginning but it becomes pretty easier when you start following a regimen - to save money.
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.