I have been paying a collection agency that represents PYOD LLC for 2 years now. for several payments 50 dollars per month, then 75 per month for 4 months. now they want 100 to 200 per month. and this woman from Mercantile Adjustment bureau. She couldn't even tell me what my debt was when i first began making payments, but i have documentation of a much lessor amount and they accrued interest every month up to 8,000 dollars. should i stop paying payment until descrepency on the total amount is resolved? or even pay PYOD directly?
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.