What should you do when the CA does not validate a debt?
Date: Fri, 06/14/2013 05:09
What should I do when the CA does not bother to validate the debt even after making several requests? The CA is charging an exorbitant fee. They’re not explaining why they’re charging so much. The listing is there on my credit report. It is creating problem for me to buy a house in Half Moon Bay
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.