If an account gets assigned to a collection agency
Date: Sat, 08/30/2008 12:56
Here is my situation:
I had an account with AT&T for my landline phone. Well, I had them shut it off because I rarely use my home phone. I always use my cell phone which is not through them. I'm gonna call them and see if I can set up some type of payment arrangements so they won't send this account to a collection agency. My bill is $351. I've made online payments before to AT&T with my checking account. Well, my question is, if they do decide to send my account to a collection agency, will they also send my banking info, because I definitely don't want a CA debiting my checking account anytime they want to.
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.