I just received an alert on one of my credit reports that Zenith left a neg entry. It don't say what the account if for, just an amount and next to that it says "collections". I have an idea what account it can be, and this account is over 6 years ago. What exactly does that mean when they leave an entry on there? I never received anything from them
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.