Crackerjack, this is some really good information, wow you really covered it good. I am impressed. This is the type of information that we need published here, it will help people that are trying to rebuild there credit.
Thanks good, just went on a google search, and ran into this information, thought it would be good information for people here to know. I hope it is helpful to some anyway, thanks for the comments, appreciate it. I am currently looking more into the credit card issues, I am a little on how they are raising their rates and etc, I am really ticked about that.
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.