Allied Interstate has been calling saying they are helping to collect for GE Money. They also called saying they are in house collectors for Capital One. Can they be house collectors for both? Do they have to follow the Fair Debt act? Don't they have to send me a letter 5 days after phone contact? When I asked about this letter, they didn't know what I was talking about.
By signing up for 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 pay off 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.