My employer just received a fax from Paramount Recovery Services asking for verification of my employment. He knows of my financial troubles but does not want them contacting the office. The request gives no personal information and does not say it is from a collection agency. I don't know what bill or credit card this is regarding. What can I do so that they do not contact my employer again? Should we respond to the fax? Thanks for any help.
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.