Ok, as you guys know both of these companies are on my credit report for the same Chase account.
Both companies are 1, and have the same address.
I settled with CACH LLC, before I knew all the bad stuff they could do. Anyways they said they would send out a letter of payment in full, mind you this was back on 5-4-07. No letter has been received.
On my credit report both companies are still there, the CACH LLC says it's paid and closed. Collect America says 0 payments, and a balance of $1186 past due.
CACH LLC already has my money and I believe CACH LLC is the newest to own the chase charge off account, my question is since I paid them and not received a letter of payment in full, should I do something? I'm already worried that they might sell it...
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.