I have a company Pinnacel\NAFS\SITEL trying to collect a $4,000 debt from me that was written off in 1990. I dont see it on my credit report. Can they still try to collect this debt, and can it still be reported to the credit bureau? They tired to collect this debt two years ago and I ignored them with no action from them. Here it is two years later and they are trying again.
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.