Should I send the validation letters to all the companies?
Sat, 08/17/2013 08:52
I have sent a debt validation letter to a collection agency in Midfield, Alabama. The debts are for Sherman Companies. I have Googled this company. There are so many companies under this name. I'm totally confused. What should I do in this situation? Should I send validation letters to all the companies?
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.