have a collections debt; unknown agency, have notbeencontact
Date: Thu, 08/28/2008 23:41
I just did the freecreditreport.com and I noticed I have a collections debt. What the hell? I have not been giving any letters or anything regarding this, how do I find out what this is and what agency this is? Or find out if it is fraud. This obviously is hurting my credit score
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.