Here is my situation. I had a credit card with Newport News in the early 2000's. I was behind on my payments and I called and got a payoff amount and mail them their last payment with a cashiers check. My check was dated 7/3/02. It cleared the bank of 7/17/02. Also, included with my payment was a letter that my account per our conversation would be paid in full. On April 16, 2008, I received a call from Mann Bracken, LLC regarding this matter. I faxed them a copy of the letter and check and thought this was taken care of. Today, I was served with papers where they have filed suite against me. Where do I go from here.
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.