I recently received a dunning letter from Northland Group for an almost 6 year old debt, just before the SOL or right around SOL in AZ. I responded with a DV letter and Northland promptly replied and said they closed the account and returned it to Cavalry Portfolio. I just sent a DV letter to Cavalry as well. Does anyone know the chances of them validating since they had already assigned it to Northland (maybe they weren't able to and that's why they assigned it) or other steps I can take to get it removed? The OC was B of A with a large balance.
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.