Long story short - before starting on these alleged debts, I had more than $4500 spread amongst 2 cards, and I was looking at monthly bills of $200+ per month, which was killing me. I wasn't earning much, and the constant calls/letters were making things worse
Now, not only am I saving that $200 every month, but I have awards in my favor, against those card companies, to the tune of $5000+, accruing interest each month.. You have no idea how much of a relief that is, and how exciting it is to be making money back! I'm not paying them; they're paying me
So if you know anyone who's in the same kind of position, whether that amount is large or small, there's hope
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.