Here's a new one to watch out for, especially in Florida, that I reported to Budd Hibbs. Bottom feeders who go for the jugular (judgments). They are in Tampa and represent such esteemed "clients" like lvnv funding llc and CACV/CACH. They love serving papers and trying to force you into "stipulation agreements", then wait till you miss a payment and grab an instant judgment. They won't respond to DV letters. Send a DV letter and they send a summons requesting a pre-trial "mediation", probably hoping you won't show up.
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.