I received a call from a Howard & Associates about a debt with Mycashnow. Honestly, I have no idea if I took a pay day loan from them as it was 2.5 years ago? I know your supposed to ask for an address and they gave me a PO Box, so not sure if that makes them anymore legit. Somehow the balanace is over $1,500, due to lawyer fees being added on. I guess two questions - anybody ever heard of this company and can they charge you Lawyer costs?
They sent me an email for verification, but it's just a bs letter that says the claim has been sent to them for collections and I must pay ther balance, blah, blah, blah.
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.