Received a call from the collection agency identified as PDL Recovery, phone number 855-479-4580. They said I defaulted on a loan from MyPaydayLoan.com and now they want to collect at least $430, saying my balance is over $1000. I paid bimonthly payments to MyPaydayLoan for over a year on a $400 loan. I told them I am now unemployed and asked for a debt validation letter, etc. They say they have no physical address. Is anyone familiar with them? Will they really sue me for MyPaydayLoan? I known MPDL is in Costa Rica, but I wonder if this collector is legit or not?
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.