I paid off Cashcentral, and was about to work out a payment plan with Cashnetusa but they turned me over to collections in August. So I had been sending in small payments, but I don't think Cashnetusa received my last payment for about $20 because my balance on the collection letter from Paragon Way, Inc (Collins Financial Services, Inc.) isn't reflecting that. I sent Paragon Way a DV letter via certified mail and haven't received anything back yet.
Also, I called Cashnetusa directly and asked if them I could make larger payments directly to them since I can afford to now, but they said I have do deal with the collection agency. So should I send another DV letter to Paragon Way?
Their payment terms are reasonable: I could pay it in full for a slightly lower balance or I could pay it in three monthly payments. I think I will just pay them through pre-paid debit card, so they don't have access to my bank account info and I save some trips to the post office by not always having to send a money order.
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.