Has anyone ever heard of PDL Recovery Group LLC? I received a call from them saying that they represent VIP Cash. I did an application with VIP but when it came to them depositing the money, they put it in an old account that was charged off almost 2 years ago. VIP claimed that I did not give them my new info but I did because I had to fax them a copy of my bank statement. I even called them back to make sure that they got the fax. I told them that since I did not get the money good luck on getting it back. Where do I stand with this? Everything was done totally over the phone. No internet site.
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.