I have a collection filed by Arrow Financial on two of the 3 agencies that lowered my scores stoutly. I used the debt verification letter as suggested by Cajun with the CA whn I goit the initial Letter. The CA had already sent info to CA before I sent out Debt Verification request SO I did not have the 30 days???
The CA (arrow) ahas sent back al etter saying they wil cease and desist any collection effort until such time as the comply with legal requiremnt for debt verification to me in writing as I requested. I have this letter, MY cert letter copy and the receipt from the cert letter ( signed) Is thsi enough to get the collection removed by the bureaus.. BY the way the dat has now been exceeded by 90 days on the verification request.
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.