I have received a collection notice for a credit card bill from a collection agency. I stay in Graysville, Alabama. However, the collection agency seems to be located somewhere in Texas. Anyway, I have sent a DV letter to them. The CA has updated the account status on my CR as "dispute". I have sent a PFD letter to the CA. They have not given a reply yet. What should I do in this situation? Should I wait for a few more days? Should I send the money directly?
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.