I’m in Akron (Alabama) and handling a serious debt issue. I owed more than $40,000 to Chase. The date of last payment on the credit card was March 14, 2010. I have been served by Pride Acquisitions. I have sent a reply to the summons. I have written in the letter that they’re not the original creditor. So, they don’t have any right to serve me summons. Will this help to stop the process?
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.