I talked with someone this morning trying to settle for 1/2 the amt that I owe. I owe $1200 and they'll settle for $700. (last month would've settled for $600). So, they emailed me a letter this morning as per my request and put someone elses name/account number and info on it. I was livid. I assumed that all of my info was more than likely going to someone else. She called back after I emailed her telling her it was a hippa violation to disclose someone elses information. She said it wasn't then asked why I was so angry blah blah blah. She did resend me the the right letter. Does hippa apply w/credit and collections. I thought it did. I guess I was hoping for some leverage...hoping I could get her to go down some on the settlement. I want to pay...but I'm unemployed right now and it's hard. I offered a lump sum of $300 and they declined it. Will they sue over it? That's the last thing that I need/want. They are harrassing me, my mother and my sister n law w/phone calls.
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.