I received a call this morning from a collection agency on a Dr. bill I owe, I did owe 1400.00 I have it down to 700.00. I have been paying & they are cashing my checks. She told me to send more & to borrow it from a friend, 401k get a loan or credit card to pay them. She stated they are going to turn it over to an attorney for suit. Is this what they usually do? Do you think they will sue? She said she is trying to get me to avoid extra charges. :)
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.