So, I sent Asset Acceptance a validation letter request. They sent me something back with the original creditor, my name, the last four of my SSN, the current balance, my last transaction date and the account number.
Oddly though, the account number does not match the account number that I had with the original creditor. This further perturbs me because they added interest to my debt for nearly 7 months before making me aware of such because they were sending letters to an address that I never resided at.
I'm not sure what to do with this information. Any advice?
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.