I just received a "Summons on Complaint" letter from my local Court of Common Pleas in Ohio. I, unfortunately, did not follow up with multiple calls from a collection agency in my state who is representing Capital One for a credit card that was charged off about a year ago. The balance due is around $5,000.00. I am young and do not have any experience with this at all and kindly seek advice - what do I do next? Would there be any chance of getting this court case dropped if I contact the Collection Agency attorney directly and offer to set up monthly payments? Please help!
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.