I have not missed a payment in over two years with FIA services but they are requiring me to pay an interest rate of over 29%. I received a letter from "Mary Davis, Senior Vice President" but with no mailing address and the number provided is always busy. I have had a stroke and am not working and wish to reduce the interest rate. Is there a mailing address for "Mary Davis" or is this a ficticious person only?
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.