I have some pretty big debts....one for 13,000 on a CC, one for 7000 on a apt rental.
The SOL is coming up in a few months, is it likely that they'll start to sue me now? I live overseas, is it legal for them to just come by my parents' house and serve my parents with the paper thinking they'll give it to me? their address is listed as one of my old addresses
Also, I have another debt for around 7000 on a car loan, but when I looked at the credit report it's gone, this is a report from Transunion.
Lastly, under each of my accounts, it says Date Opened, does that mean the date the I first signed up for the loan? cause that's not the correct date then!
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.