Thanks for your response stan. I found lots of useful information on this board.
Subject: FIA CSNA
Thu May 03, 2007 4:03 pm
My mother called me today and had a sum of money put in her checking account. I did some research. and come to find out she opened an credit card account with Bank of America interest free for six months . Make sure you ask your bank about newly opened credit card account. They are having people open credit card accounts saying it is from named bank , but really it is another company working with the bank.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.