I owed the IRS about $300 and did a payment plan. I was paying on it, but after I paid a payment in July, I didn't pay them again even though I have been meaning to take care of it. Today I received a notice that I have to pick up a certified letter from them. I am scared to death. Do you think this is a collection letter? I owe them about $160 right now. I have to pick the letter up in the morning, but I am so scared. I am not sure of anything else it would be. I figured I made the last payment to them on July 13th and that is just over 6 months (180 days ago) which is typical for a debt to see some serious action.
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.