What recourse do I have if a collection agency calls and fails to give the standard disclaimer that the call is an attempt to collect a debt?
First Choice Assets called me to "verify an address" to send a "legally required notice". I got the guy talking to find out what they were calling about and dragged him into the specifics of the claimed debtor and the amount owed. (I am aware of the debt and I have been writing, to no avail - they don't respond, to the original creditor because the amount showing on my credit reports doesn't match what I think I owe.)
So, this debt collector got into a whole discussion with me about the creditor and the amount owed. He verified my identity but he never once identified himself as a collection agency and that he was attempting to collect a debt.
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.