i got a loan through paydayone and never paid it do to lost of wife's income, now two years later a collection company called crc calls my work and me about the balance. i told them i am filing chapter 7 and the guy stated calling me a loser and a bad father that lives with in-laws and then said they our going through with the civil suit. Can they really sue me for a $750 dollar loan???
By signing up a debt 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 payoff 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.