I am in the process of a Ch. 7 bankruptcy and one of the debts was Bank of America, which I included in the debt matrix. I pulled my credit report today and found lvnv funding llc on it for the amount (well, a couple of hundred extra tacked on) with the status being "in collections". Should I amend the Ch. 7 and add LVNV Funding LLC to it when the original debt is already on it? If I do, what's to stop them from moving it over to one of their other sleazebag operations? Help, please.
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.