A lady named Ms. Kiyani called me today and said she was legal representation for National Credit Adjusters who supposedly bought my pay day loan from the original company. However I am working with a debt settlement company who has already settled this payday loan and is currently making payments on my behalf. I think this lady may be a scam artist. Howver she had all of my personal information including ss#. How do they get this information? She wants me to send over $2k by the end of this month or they will persue legal action! I don't have this kind of money. 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.