i have been disabled since 2000.. i now have only ssi and social security as my income.. i have received a court summons from lvnv funding and want to know what i should do.. i was under the impression that debt collectors could not go after one if they were senior/disabled--i am both...i am contacting debt counseling for seniors/disabled, but am worried about what to do until i hear from them.. i got the summons today, stating that my court date was july 22, 2008!! of course i wasn't there.. please let me know what options i have available to me..thank you
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.