I need some advice on how to payoff a debt with Household Credit. I just got a collection letter from Northstar Location Services . They claim to be authorized by Household Credit to collect on the Debt i owe Household Credit. My balance due is 1,839.06 but they are willing to settle for 1 payment of 1,103.44. Currently i have the money to payoff the debt.
My question is should i payoff the ammount they are willing to settle on? Or should i pay the balance due ammount? And how do i know if Northstar Location company is acting on Household Credit behave?
By signing up for 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 pay off 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.