What do you do if you and the creditor disagree about the validity of the debt validation?
I signed up for Yellow Pages ad with Dex Media. They recorded the confirmation part of the sales call. In it, the validator said, "You authorize the ad, as described, to be placed in the next publication." We said, "yes".
Then, they said they'd send out the terms and that we should read it. They specifically pointed out three sections to be sure to read.
It turns out that terms sheet had a section indicating the ad would auto-renew unless canceled. But, that section was not one of the three they said was important to read.
And, they never asked for, nor received a signature that we agreed to the terms.
In the recording, they never state that the Terms document has additional clauses that we are agreeing to.
Anyway, we closed the business the ad was for and didn't give the yellow page ad another thought.
Then, we start getting bills for the new publication. We refused to pay, saying we never agreed to it. They say we did because of the terms sheet.
Now, I've got an aggressive collection agency after me. They're doing everything by the book, but they're still pushing hard to collect. My credit score has dropped because of the collection efforts.
The amount is less than $1,000. Taking them to court seems counter-productive, since the attorneys fees would be higher than the collection.
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.