Vikas had posted the above in another thread, and so that I'm not hijacking from that thread I wanted to start a fresh one to ask a specific question.
About the above -- I read on a site run by an attorney that in 1996 an amendment was made to fdcpa which requires the "mini-Miranda warning" to be included only in the initial communication. Subsequent communications must only cite that the communication is from a debt collector.
Has anyone else seen anything similar to the above? Not trying to nitpick the point, but as I'm trying to learn quickly I'd like to know which is actually current/correct.
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.