The term "Debt Relief Agency" is applied very loosely. It can be any group or any one person who provides advice on debt. This definition was imposed by the Bankruptcy Act of 2005.
DebtGoal is a debt relief agency. I have never known for a debt relief agency to work though, so I would not really recommend using one. Just work hard to pay off your debts!
Go bankrupt.
There are a number of companies which offer help with debt relief. However, free debt relief simply does not exist. Each company takes at least a small profit from the money they save from consolidating your debt.
A Debt Relief Agency is simply a company which offers advice on entering bankruptcy. debtreliefcompanies.net offers a number of them, but the general consensus seems to be that most of them are not trustworthy.
You can find many web sites to help you with debt relief but the best way to find help is with a non profit debt relief srevice, anyone seeking to make money from your debt or charging you for their service will probably not look out for your best interest. Try conacting your local Social Services or a religious organization for a referral to a good agency.
To report someone to a collection agency, you typically need to provide the agency with the individual's contact information and details of the debt owed. The agency will then attempt to collect the debt on your behalf. It's important to follow the agency's procedures and provide any necessary documentation to support your claim.
A collection agency can collect from someone on social security or disability. If you incurred a debt, you can be prosecuted.
The government website for the Financial Consumer Agency of Canada has a lot of information posted about debt recovery agencies. If you are looking for information about a specific debt recovery agency then their official website is a good place to start.
The leading debt relief company would be National Debt Relief (855-807-1484). This is according only to 2013 debt relief reviews. The next top company would be CuraDebt then followed closely by CareOne Debt Relief Services.
If you have credit card debt, medical bills and other unsecured debt that you are not able to make minimum payments on, there are several methods of debt relief available to you. The first is bankruptcy, which wipes out your debt but remains on your credit file for up to 10 years. You may also wish to consider working with a consumer credit counseling agency who can advise you further about debt consolidation or settlement.
There are several companies that offer debt relief services, including National Debt Relief, Freedom Debt Relief, and Accredited Debt Relief. These companies specialize in negotiating with creditors to reduce the amount of debt owed and create a manageable repayment plan for their clients. It is important to research each company thoroughly, considering factors such as fees, success rates, and customer reviews before choosing one for debt relief services.
Illegal! Only adults can accrue debt. Children must have guarantors, or someone that signed off on the debt.