I received a call from this company today. First time I have ever heard of them. Never received a letter although they said they have sent me several in the past. Never received their voice mail messages although they claim they have left me two previously. In any event, they state that I owe Swiss Colony over 1,000 which I do not and when I asked for them to send me a letter validating the debt, the gentlemen told me that he did not need to do that and if I did not pay him something today he would be issuing a summons for me to appear in court. I was at work when I returned his call and I agreed to pay $150.00 on the debt. I am contacting Swiss Colony to inquire as to this bill and what it is all about. What could I have done better?
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.