Debt validation works only with collection agencies and not the original creditor. The only way you can make your original creditor verify your debt is by telling him that you'll sue his company for defamation if he cannot prove that you are actually late on payments or even that you are on the debt account. This is when you need to use debt verification letters. A sample debt verification letter (verification of debt letter) is given below.
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.