i ask portfolio recovery for validation. they sent me a letter thats starts out with affidavit of ownership and sale of claim. then it goes on to say that they bought a debt from arrow financial for the sum of 200 dollars.on 12/15/2005. and that there is no unknown payments made by me. is this validation. i ask for copies of the contract of the original debtor account balance any monies paid etc.oh yes and they had it noteried. but i feel this isnt the information i have ask for am i correct or is this considered validation.and they have arrow financial as the original creditor isnt that just another collection agency? any help is appreciated.
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.