I had a payment agreement through Agency A, then I was notified by Agency B that the debt had been transferred to them. When I called the original creditor, they gave me the phone number to a different agency entirely. I have requested verification from both A and B, since A has been telling me conflicting stories since this started. I am concerned about not paying A, since we had an agreement and do not want to default if they are still the proper agency. Thank you.
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.