Here's my dilemma---my mom has a Cap1 card that she is unable to pay on, it has gone to Alliance One for collection. My mom is 79 years old, receives $450 in Social Security, has no assets, no savings, nothing. I had been trying to help her pay on it (balance is 6,000), but we were unable to keep up (my name is NOT on the account).
Anyway it is now with Alliance One and they said they won't take payments.
I know if she were working they would garnish wages, but what can they do if someone has nothing to take?
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.