I've been reading on the BB and I just want to make sure I understand. Statute of Limitations in Texas in 4 years from the date of first delinquency or is it the date major delinquency first reported. I had a providian account that has been "purchased" by these "people". On my equifax report, Providian lists the date reported and date of last payment as 07/2004. It lists the date of first delinquency as 11/2003. So which date do I count from. And if the SOL has run out, am I still supposed to send a validation letter? Thanks for your input!
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.