Debt consolidation is a process thatwill help you to consolidate multiple loans into single new loan or debt consolidation program - it is generally termed a debt consolidation loan, but there are also many debt payment program that do not involve a new loan. It is important for you to know what would be your best options to pay before selecting a debt consolidation program or company. _________________ --
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True debtserv Choosing a debt consolidation company is also an important aspect. There are dishonest firms out there to get your money. So go for a reputable firm only. _________________ Keep in touch
To choose a debt consolidation company is tough so for you to be prepared, you need to learn the process so that you can keep track of what your service provider does to your debt. _________________ Debt settlement
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.