I keep getting a call from a collection agency located in California though they never identify themselves they just threaten to file court summons if I don't settle a Payday loan which I never took out though they claim I did in 2009 from some place called Cash Central which isn't located in San Diego . I tried asking for him to send me the paperwork that shows I did this but he just kept over speaking me, demanding I pay some outrageous fee of 800 but the loan he said was 200 or get an attorney because I committed check fraud. What should i do now?
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.