To make a long story short, I had a checking account that I closed but the bank failed to close it properly and charged 3 months of overdraft fees even when I didn't have that protection. I found out a year later they didn't close it right and I owed them money. Well I refused to pay and even had a bank manager say it was their error. That was five years ago plus a few months because I don't remember. They put me on that list where you can't have a checking account but I am now off it (it has been that long). Now yesterday I had a phone call from Leading Edge saying they were collecting for it. I noticed the original checking account is only on one report but not the other two and Leading Edge is listed on TransUnion but the bank is not. How long can they stay on there?
Also, does anyone know what happens to your score when you don't have anything on your credit report? Experian has removed everything.
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.