I am currently giong through my credit report and trying to clean it up. I fell upon best buy and it looks like i owe them bout 1700. I called them and they gave me a number to Shermam Finanacials. The lady answer the phone and gave me another number to Capital Management.
Have anyone ever dealt with them? I want to make this right and get a settlement out of them. He was willing to offer me a one time payment of 601; however, i have to give him post dated check right then and there. I told him i want it in writing. He went on by saying if he sends it out by mail, the rate will go up to $1200 for settlement. I was like well just send me a statment because need to have a paper trail. I don't want to play games. He put me on hold and put his supervisor on the line.
SHe went on saying that they can't mail it out to me because they might not have "ownership" of my account comes the end of the week! She went on sayin "oh i will have the auditors and attorney" review you account.
I think she was trying to scare me at this point. She was basically done talking to me at that point.
The last time i made a payment on this accountwas back in 2004. Did i open up a can of worms? I mean i just want to take care of this.
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.