long story short.....Midland credit has a collection account on my credit report that i do not own. They say that the account was purchased from Verizon. I have sent them two DV letters but they have not responded. My student loan company tells me that i must pay the debt before being able to get a loan and i only have two weeks. WHAT DO I DO? Can i Just pay the debt and then send a letter to the CRAs requesting that the negative marks be removed? 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.