I took a loan with cash n go. But I got behind. They sold it to united debt , they sold it to American Recovery, then they sold it to global firm, telling me they are going to serve me papers. I Google the number 1-866-941-7594, nothing came up. I defaulted I October how fast they fid this, no letter, no email. What should I do?
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.