I'm unemployed, have no assets and owe the OC $6000. The CA is only working on behalf of the OC, they don't own the debt.
I have a family member willing to help me settle with the CA, but realistically, how much can I lowball the CA? They'd never get any money out of me if they sue because I don't have anything so I would think they'd be willing to take whatever I offer. But how nasty are they going to be if my offer is too low?
The CA is Creditors Interchange, by the way. Should I even speak to them on the phone? I haven't yet because I've read that they can be real pieces of work (eg. rude, insulting, scare tactics). I don't want to DV them because Chase has confirmed they're collecting on their behalf, so all the DV would do is delay things and I just want this settled already.
Sorry for posting this in two forums. I wasn't sure which forum it belonged in.
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.