Can I pay the original debtor even though my account has been sent to collections? I keep sending Debt Validation letters to the collections agencies that keep calling, but I believe they don't answer and sell my account to someone else. I don't want to deal with this for the rest of my life. I called the original debtor they say I only owe about $225 but all the CAs are saying it's $600. I'll pay what I owe, but I'm not going to pay more! These people won't even send a validation! What do I do to stop this?
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.