I received an email only a month ago from 1st Credit of America saying they now had my CheckNGo account. So yesterday, I now receive in the mail from Apelles that they now have the account. It's ironic that I sent 1st Credit of America a validation letter for this account and then they sent it on to Apelles (another CA) for collection. Who should I believe and what should I do?
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.