I received a summons the other day and am not sure how to respond. I have been making small payments to the original creditor and they have been accepting them. The summons I got was from the collection agency and does not have a court date. I owe the debt of about $1600. Since it is the collection agency sueing me should I make them validate the debt. Should I try to settle with them? I really don't have much money to work with probably $100 a month max. I'm also afraid to call them because they always bully me. What should I do?
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.