I am a college student who got himself into credit card debt and I am now trying work my way out of it. I have 2 credit cards that are in collections.
I originally had 3 now I have 4.
A Citi Bank Account which I pay 100.month through Citi
Another Citi Account which has been sent to NES Collections with about a 2000 balance about 50% is late fines and interest
A Capital One Account that has about 2.5k balance which is with ASG. My dad helped me pay 700 on it by online bill pay.
My problem is with NES they have been harassing me and my family. For one they called my house and told all of my account info to my mother. Including my birth date, account number, balance, and social security number. I thought they could only discuss info with the account holder and their spouse.
Secondly, they threatened to sue, which I know they weren't going to. The balance isn't big enough to sue over.
I have sent a validation of debt letter to them via certified mail. I know it is past the 30 days when they sent the original notice but what the heck, right? The guy also told me I had no right to a debt validation.
So my question is what should I do? Where can I find debt negotiation letters? Any other tips?
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.