A collection agency has bought my credit card debt. Now over the last 2 years it has been passed from one collection agency to another(all of which seem to be in connection with ONE lawyer. Its impossible to set up payments as when we call to do so we get paperwork back asking for our budget and what we can afford. Now that sounds great, BUT the minute we send it back they sent it to ANOTHER agency. Now the current agency wants more money then we can afford a month or they plan to take us to court. Any suggestion on what we can do would be helpful. They plan to garnish his wages, if they do so it will leave it in serious problems, as he has the only income and we have a 2 year old. Can they take our car is another concern, its by no means a new car. Its a 1994 Buick.
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.