They have also called me and came to an agreed amount(half of the balance and the account stated as Paid in Full)for an old Target account. However, they keep telling me they will not send a letter agreeing that the account will be paid in full until it is paid in full. How can I get them to understand that I do not want them to send me something saying it is paid in full before I pay them, I just want a letter stating they agree to the account being settled as Paid in Full. I keep saying just to send me something in writing before I send them a dime.
I do have to say I have not sent a DV on this, but I do know the account is mine. Should I send a DV before sending them any money?
By signing up a debt 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 payoff 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.