I need some advice have received calls at work and home one from Berman and Rabin PA for Hydra Finanical - stating that I need to close this loan by end of Jan or they will pursue legal actiion the other one from a group called URG they are representing Mass Street Group they have advised that if I dont pay by the end of the month they will send over legal documents - I need help please advise if these are legal in Michigan and also what I can do
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.