Ok so today we get a letter from NCO stating our JC PEnny account has been turned over to them and it talks about the 30 days to validate the debt...T & C did send JCpenny a pmt and proposal, but I'm guessing us getting this notice, means it was to late? Also what do I do about this 30 days to validate thing?
Applied bank who also was sent a pmt and proposal (accepted the pmt I might add), sent us a letter stating the account does not qualify for dmp do to the fact it has not been open for 9 months..Sept will make 9 months. The letter says once opened for 9 months then they will take the DMP, is that weird or what? I've got news for them, they are going to have to take it for august too!! Reny
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.