I have been battling this company since the summer. I had two First Premier Bank cards several years ago. I paid one off and continued payments on the other. During my "debt days" it was charged off for non payment, but I never heard about it. It was just listed as a charge-off on my credit report. I repeatedly contacted FPB to provide information and they NEVER ONCE acknowledged my correspondance.
Long story short, I received a notice from Arrow Financial over the summer for the account. I sent them a valiadation request in July and never heard from them until they started to call again a couple of months ago. I again asked for validation.
I just received "validation" which consists of a bunch of financial forms with the name blacked out. In their letter, they do not make any reference to the amount owed now. When charged off, it was $722. The first letter from Arrow asked for $950.
This can't be proper validation, can it? If not, what is my next step? They are now on my credit report as a collection item and so is the original account with FPB. Can that be listed twice?
I can handle this company, no problem, but before I proceed, I would like some feedback.
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.