I had a loan with Seven Group. I just received a phone call regarding a summons that they are suing me. I am really nervous and need some advice. The person I spoke to indicated I could be charged double the amount and have to pay attorney fees on this. I sent them a letter indicating they were not legal and that I was only requried to repay the original amount of the loan, $300. I have paid 4 payments of 90 for a total of $360. Any help, solutions anyone could offer would be greatly appreciated. :confused::confused::confused:
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.