These people have been calling and calling. I found out that Ia ctually had a loan that I owe$400. Everything matches but these ppl sound fishy. I asked them to mail papers but they said they could email it. All I got was a letter that anyone could type. But they do have the company that i borrowed from. How do I know if they are the real deal and should pay or not. When I called the loan company they could not tell me who my account was sold to. What do I do. They said they would hire an attorney where I lived and they hope it works out.
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.