I had an account with CFNA...my last payment (below the min of only 100$) was received on 9/10/2013. Yesterday I went on to check the account and saw that the balance was 0, and had been charged off. They gave me the number to the collection agency, AllianceOne, who could not locate my account.
I read up online, and found that some creditors will reopen the account for payment? Is this true? I guess my question is what are the chances of CFNA letting me pay them directly, without paying the collection agency?
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.