I started with 8 accounts total that I needed to settle off the bat- 2 are now settled, so I'm now left with 6 to go...
2 are supposedly in collections (I sent DV letters last week but no response yet). United Recovery has by HSBC account and apparently Redline Recovery has my BOA account.
My question is- how come they sent these 2 accounts went to collections when they were only 60-90 days delinquent when they charged off? At this point they are just past 90 days due but I thought they generally don't charge off until 180 days? Just curious if anyone has had experience with the CC charging off early- could this be a good sign or maybe a bad sign?
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.