I got a call from a law office that bought my account and they want me to pay the balance in full right away. When I told them I couldn't they told me to ask to borrow the money or go to Citifinancial to get the money. Ok, so now take out another loan because I can afford to pay them and put my credit in the toilet a bit more. I live in PA, can they sue me and if they can what will happen???????
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.