today, a deblt collection attorney / process called my work. my boss got tthe call, and told me right away because they were going to served in papers or file a law suit if i dont call them back right away. so what i did i called them right away and spoked to a guy told me about the money that i ow and they are willing to settle at $350 if i dont pay them right away they will sue me bring it to the court / served me in papers something like that. so i got scared right away. didnt really get all the details, so what i did is i told them that i would pay them on friday. gave my debit card account.. what should i do?.. also, i just recently sign up with care one debt settlement program.. is that a good company any suggestion?..
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.