How does one deal with a collection agency on a defaulted title loan? This happened to me beyond my control. The rep who is assigned to my account isn't allowing me to work it out. How do I handle this? Can it be handled? She keeps saying "we need to square this away", which I am not understanding what she means by this and gets mad at me cuz I'm confused. I can't seem to get a simple yes or no on whether they will work with me. Just being told to get money from friends and family, which is can't. Then she told me to get the money out of my 401k. Any advice?
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.