Question: If Sears has already reported your debt as a charge off on your credit record, can LVNV also report it? Isn't that double dipping?
What should be done at this point? They had an attorney file for a claim in the amount of $1372 that they "claim" we owe them, and I thought you were allowed to sue for them reporting your debt??? Suggestions? (FYI, the claim was dismissed with out predjudice, the court said they noted they needed more time to try and serve us on the suit).
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.