I just received a letter from U S C B Corporation attempting to collect a debt for $67.06 which they allege originated in 2005 with some payday loan place I cannot even locate online called "QuikPayday.com". These people confronted me with my valid SSN and last two phone numbers. I have not resided at the address which the letter was sent for over 3 years. Their claim is that the debt originated September 2, 2005. Yet they do not have the circumstances of this debt, the name of the store or vendor, or why they waited 6 years to "collect" this unknown mysterious debt? I have been a tax preparer in the past. 100's of people have my SSN because it is required by law to sign each tax form and provide my SSN. I believe this could be Identity Fraud, but for such a ridiculously low amount! Also I have had access to my credit report from all 3 local Credit Bureau reporting agencies. They are completely blank and zero-ed out. There is NO credit history......probably because I have no credit cards, and I purchase everything cash or layaway. This is crazy! What would YOU 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.