I am being sued for a debt which is now bought by a jdb. In my answer to my summons I said that I have never done any business with the plaintiff. He told me that I do not have a chance of defending myself and that I might as well sign the stipulation of settlement agreement that they sent me. i do feel that I didn't handle this properly from the beginning because I was unaware of my rights or how to defend myself. I have the stipulation agreement, I did not return it back but after hearing this I feel that I will lose anyway. Can someone here give me any advice.
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.