Ok so I owe the colleciton agency for the overdrawn bank account. So I have a couple of questions. They are advising me I need to pay 273.00 a month for 6 months...I am not sure I can come up with the entire amount each month. I think I'm more comfortable with about 200.00 if I can squeeze out 273, then great but I can't comit to that. So do I send what I can afford each month? Do I send money orders or cashier checks??
Also if they sue me, do they send the summons to your work place via a cop or does it just come by mail? I serioulsy don't want to be served at work>>>Any advise would be appreciated, Reny...
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.