I sent the CA a verification letter in December. In the letter I stated that they must respond within 30 days, as per the example letters. The 30 days would end on 14 Jan 2013. I have not heard anything back until last week, April 24 2013. As this exceeds the 30 days I gave them in December. My question is what do I do now? Are they still able to pursue this since they exceeded the 30 days or should I attempt to settle with them?
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.