Hi, I'm looking for some information on debt collection practices, whats legal and whats not. For over a year I have been harrassed by many different companies (most won't give me their information, trust me I've asked) for old debts I no longer owe or debts I am in the process of working out. These people have called me at work, home and now I've really got trouble. Last month I quit my job for personal reasons( I left on good terms I gave a months notice), I get a phone call from my mom saying that a guy had called her telling her that I had been fired from my job and that we had been dating and I owed him thousands of dollars, we had a date set up but I never showed and he wondered what happened to me. This put a huge red flag up because this person clearly called my old place of employment and found I was no longer there and decided to find me through relatives. I also found out my parents have been recieving lots of these types of calls and now think I've been into illegal activity and owe alot of people money that I do not. How do I make this stop?! Please help!
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.