Ok, I have verified that my Chase and Citi accounts are charged off and with CA's, but that Chase and Citi still owns them. I really want to have sent back to the OC, so I believe the only way I do that is with a C&D letter? I want to also send a letter to the OC telling them I want to settle with them only. Anything else I'm missing? Should I DV as well?
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.