i had a signature loan with this company in 2004. now in 2009 they have turned it over to a collection agency of lawyers. i am in north carolina. Last activity on this account was in 2004. Do they have a case or can i claim NC SOL. I also can not find anything the current account number to which they say this loan is under. Do i have an recourse?
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.