Has anyone heard of National Management Partners (They did not identify themselves so I tracked them down via their phone. 855-824-7937)? They called my mother yesterday regarding a payday loan that was taken out years ago (just before the recession). They said that they had a matter regarding a bounced check and possible bank fraud. When my mother called, they basically treated that they would file charges for defrauding financial institution. We have no qualms about repaying the loan but I found their tactic a bit brash. Is this legal? Has anyone ever heard of this outfit? I looked up their website and it has hardly any info on it. She contacted the FTC for verification but that may take a few days.
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.