They called my wifes cell phone trying to get in touch with me about a Chase CC that was charged off last year. I was recently released from a nursing home after having 2 strokes. Are these people the same as portfolio recovery associates? If they are the same, I sent Portfolio a DV and CD letter several months ago and have never heard back from them. Should they be contacting me without providing the validation? Should they be contacting my wife since I told them to cease calling any of my relatives, neighbors, or friends?
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.