A debt collection agency contacted me regarding 2 credit cards. I have set up a payment plan with them. Last month, I made my first payment. But the collection agency applied the payment to the second debt with high interest. I told them to apply the payment to the first debt. Still, they didn't listen to me. Is it legal in Idaho?
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.