My husband just received a summons recently for a $1600 debt through Citibank filed by Frederick Hanna. We are not sure about the debt to begin with, though if we actually owe it we'd like to settle if possible. The guy serving it said go to the magistrate within 30 days to fight/explain our situation and chances are no one will show up for the other side. My husband has tried calling countless times without reaching anyone and no call back. What should we do? Obviously we don't want a default judgment against us.
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.