I recieved what look like court papers in the mail today from asset acceptance llc for Home Depot. This is in my husbands name, and he is disabled and out of work. I have 4 children and cannot imagine what the heck this is about. I cannot remember having a bill from HD come to the house, and now this! We have no money, Christmas around the corner, and I cannot sleep from worrying.
What can they do to us? HELP!!
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.