I just got a letter for VCS and Associates out of NY stating; This account has been turned over to VCS & Associates for immediate collection. Please respond to this request for payment within 10 days of receipt of this notice to avoid further collection activity. Be advised VCS & Associates, LLC has full power and authority to collect, sue, discharge, and/or settle any portion of the account listed above. The Originalcreditor was CashNet in the amount of $1241.87. what should I do. They keep calling me at work and on my cell. Can they garnish my payroll check, or my IRS return check like they say? I do take out a loan for 800.00 and paid half of it back before I got into really bad debt and could not pay the rest. I called CashNet and they will not let me pay them back with VCS taking over the loan. I live in Texas.
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.