I just received a call from a Michael Davis (832-532-8577) from Sugar Land, TX. He says he's from Legal Litigation, but wouldn't give me more than that. He said that I owe Ameriloan over $600. I asked for a validation letter and he said that he doesn't have to give that to me since Ameriloan has already provided that to me by email and postal mail. I said they haven't. He told me to call by 7pm CMT to settle this or he will have to file with the Michigan courts. He also called my sister with this information and he told her that I'm not taking this seriously.
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.