I live in Iowa and received a call from United States Mediation, stating that I took a loan out from a company called Loan.com. I received a letter in September from Wooten, Benson and Tate on it. I never have heard of any of these companies, they state they are going to charge with check fraud and file a civil suit also. I looked the number up online and people state that they have worked out payments with these people, one even stated that they put a judgement on them. I requested a letter of validation and the phone number and address of the lender. They state that they are going to mail it to me. Has anyone heard of these guys, and are they real. I don't remember taking a loan out for $600. They have my old bank so I can't look at records. Please help!!!!
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.